Daimler Truck (OTCMKTS:DTRUY) Raised to “Hold” at Zacks Research

Daimler Truck (OTCMKTS:DTRUY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday, Zacks reports.

A number of other brokerages also recently issued reports on DTRUY. Morgan Stanley downgraded Daimler Truck from an “overweight” rating to an “equal weight” rating in a report on Friday, September 4th. Barclays raised shares of Daimler Truck from a “hold” rating to an “overweight” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Daimler Truck in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Daimler Truck in a research report on Thursday, July 23rd. Finally, Citigroup reissued a “buy” rating on shares of Daimler Truck in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Daimler Truck Price Performance

Daimler Truck stock opened at $23.32 on Wednesday. Daimler Truck has a 12-month low of $19.43 and a 12-month high of $28.73. The company has a current ratio of 1.70, a quick ratio of 1.33 and a debt-to-equity ratio of 0.82. The stock has a market cap of $35.71 billion, a P/E ratio of 46.64 and a beta of 0.07. The company has a fifty day simple moving average of $26.17 and a 200-day simple moving average of $25.00.

Daimler Truck (OTCMKTS:DTRUY) last released its quarterly earnings data on Friday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.39). Daimler Truck had a return on equity of 4.79% and a net margin of 5.87%.The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.29 billion. Equities analysts expect that Daimler Truck will post 2 EPS for the current fiscal year.

About Daimler Truck

Daimler Truck Holding AG is a commercial-vehicle manufacturer headquartered in Stuttgart, Germany. The company develops, produces and sells heavy-, medium- and light-duty trucks, as well as buses, coaches and related transportation solutions. Its portfolio includes conventional internal-combustion, battery-electric and hydrogen-based vehicle technologies, along with digital and fleet-management services.

Daimler Truck markets vehicles under brands including Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz and Thomas Built Buses.