Daimler (DDAIF) Upgraded to “Hold” at Zacks Investment Research

Share on StockTwits

Daimler (OTCMKTS:DDAIF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “DAIMLER AG with its businesses Mercedes-Benz Cars, Daimler Trucks, Daimler Financial Services, Mercedes-Benz Vans and Daimler Buses, is a globally leading producer of premium passenger cars and the largest manufacturer of commercial vehicles in the world. The Daimler Financial Services division has a broad offering of financial services, including vehicle financing, leasing, insurance and fleet management. “

Several other research analysts have also commented on the company. Societe Generale reiterated a “hold” rating on shares of Daimler in a report on Tuesday, April 30th. UBS Group reissued a “hold” rating and set a $52.00 price objective on shares of Daimler in a research report on Friday, April 26th. Sanford C. Bernstein reissued a “hold” rating and set a $73.00 price objective on shares of Daimler in a research report on Wednesday, April 24th. ValuEngine raised Daimler from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 18th. Finally, Citigroup reissued a “sell” rating on shares of Daimler in a research report on Friday, April 5th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Daimler has a consensus rating of “Hold” and an average price target of $61.00.

OTCMKTS DDAIF opened at $63.98 on Tuesday. Daimler has a 52 week low of $50.64 and a 52 week high of $80.97. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.94 and a current ratio of 1.24. The firm has a market cap of $68.86 billion, a PE ratio of 7.99, a P/E/G ratio of 0.96 and a beta of 1.34.

Daimler (OTCMKTS:DDAIF) last posted its quarterly earnings results on Friday, April 26th. The company reported $2.23 EPS for the quarter, topping the consensus estimate of $2.01 by $0.22. Daimler had a return on equity of 10.77% and a net margin of 4.27%. The business had revenue of $45.08 billion for the quarter. Sell-side analysts expect that Daimler will post 9.01 earnings per share for the current fiscal year.

Daimler Company Profile

Daimler AG, together its subsidiaries, develops and manufactures passenger cars, trucks, vans, and buses in Germany and internationally. It operates through Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services divisions. The Mercedes-Benz Cars division offers premium vehicles of the Mercedes-Benz brand, including the Mercedes-AMG and Mercedes-Maybach brands; and small cars under the Mercedes me and smart brands, as well as electric mobility products under the EQ brand.

Further Reading: Mutual Funds

Get a free copy of the Zacks research report on Daimler (DDAIF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Daimler (OTCMKTS:DDAIF)

Receive News & Ratings for Daimler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daimler and related companies with MarketBeat.com's FREE daily email newsletter.