Zacks Investment Research upgraded shares of Daimler AG (OTCMKTS:DDAIF) from a hold rating to a strong-buy rating in a research report report published on Tuesday. The brokerage currently has $82.00 price objective on the stock.
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. “
DDAIF has been the topic of a number of other research reports. Jefferies Group initiated coverage on shares of Daimler AG in a research report on Tuesday, August 9th. They set a hold rating on the stock. Evercore ISI cut shares of Daimler AG from a hold rating to a sell rating in a report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Daimler AG currently has an average rating of Buy and an average target price of $82.00.
Shares of Daimler AG (OTCMKTS:DDAIF) opened at 71.09 on Tuesday. The firm’s 50-day moving average is $70.09 and its 200-day moving average is $68.03. Daimler AG has a one year low of $56.56 and a one year high of $89.65. The stock has a market capitalization of $76.05 billion, a PE ratio of 8.57 and a beta of 1.86.
Daimler AG (OTCMKTS:DDAIF) last posted its earnings results on Thursday, July 21st. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.45. Daimler AG had a net margin of 5.53% and a return on equity of 15.37%. On average, analysts expect that Daimler AG will post $8.93 earnings per share for the current fiscal year.
About Daimler AG
Daimler AG (Daimler) is an automotive engineering company. The Company is engaged the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Mercedes-Benz Cars sells passenger cars and off-road vehicles under the Mercedes-Benz brand and small cars under the smart brand.
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