Zacks Investment Research lowered shares of Daimler (OTCMKTS:DDAIF) from a buy rating to a hold rating in a research report released on Friday.
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. “
Other research analysts have also issued reports about the stock. Sanford C. Bernstein reissued a hold rating on shares of Daimler in a research report on Wednesday, October 17th. ValuEngine upgraded shares of Daimler from a strong sell rating to a sell rating in a report on Wednesday, January 2nd. Credit Suisse Group restated a hold rating on shares of Daimler in a report on Friday, October 26th. Independent Research restated a hold rating on shares of Daimler in a report on Sunday, December 30th. Finally, equinet restated a buy rating on shares of Daimler in a report on Friday, October 26th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Daimler currently has a consensus rating of Hold and an average target price of $58.00.
Daimler (OTCMKTS:DDAIF) last released its quarterly earnings data on Thursday, October 25th. The company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.45). Daimler had a net margin of 5.41% and a return on equity of 14.18%. The business had revenue of $46.78 billion during the quarter, compared to the consensus estimate of $44.75 billion. On average, equities analysts predict that Daimler will post 9.07 earnings per share for the current year.
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 segments. The Mercedes-Benz Cars segment offers premium vehicles of the Mercedes-Benz brand, including the Mercedes-AMG and Mercedes-Maybach brands; and small cars under the smart and Mercedes me brands, as well as electric mobility products under the EQ brand.
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