Daimler (DDAIF) Upgraded at Zacks Investment Research

Daimler (OTCMKTS:DDAIF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research 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. “

Other analysts have also recently issued research reports about the stock. Barclays raised shares of Daimler from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, January 23rd. Societe Generale reaffirmed a “hold” rating on shares of Daimler in a research report on Tuesday, April 30th. UBS Group reaffirmed a “hold” rating and set a $52.00 price target on shares of Daimler in a research report on Friday, April 26th. Sanford C. Bernstein reaffirmed a “hold” rating and set a $73.00 price target on shares of Daimler in a research report on Wednesday, April 24th. Finally, Independent Research reaffirmed a “hold” rating on shares of Daimler in a research report on Wednesday, January 16th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $62.00.

Shares of DDAIF opened at $60.83 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 0.94 and a debt-to-equity ratio of 1.34. The firm has a market cap of $65.11 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 0.86 and a beta of 1.34. Daimler has a 12 month low of $50.64 and a 12 month high of $80.97.

Daimler (OTCMKTS:DDAIF) last issued its quarterly earnings results on Friday, April 26th. The company reported $2.23 EPS for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.22. The business had revenue of $45.08 billion for the quarter. Daimler had a net margin of 4.27% and a return on equity of 10.77%. As a group, sell-side analysts predict that Daimler will post 9.02 EPS for the current year.

About Daimler

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.

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