Daimler (DDAIF) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Daimler (OTCMKTS:DDAIF) from a sell rating to a hold rating in a research report report published on Friday morning.

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. “

A number of other analysts also recently weighed in on DDAIF. ValuEngine downgraded Daimler from a sell rating to a strong sell rating in a research note on Thursday, June 21st. Jefferies Financial Group upgraded Daimler from an underperform rating to a hold rating in a research note on Thursday, July 5th. Finally, BNP Paribas upgraded Daimler from an underperform rating to a neutral rating in a research note on Thursday, October 4th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has an average rating of Hold and a consensus price target of $89.00.

Shares of OTCMKTS:DDAIF traded up $0.63 during trading on Friday, reaching $61.47. The company had a trading volume of 51,965 shares, compared to its average volume of 48,729. The firm has a market cap of $67.43 billion, a P/E ratio of 5.53, a PEG ratio of 2.23 and a beta of 1.53. The company has a current ratio of 1.25, a quick ratio of 0.93 and a debt-to-equity ratio of 1.35. Daimler has a fifty-two week low of $60.30 and a fifty-two week high of $94.41.

Daimler (OTCMKTS:DDAIF) last released its earnings results on Thursday, July 26th. The company reported $1.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.88 by $0.04. The business had revenue of $48.63 billion for the quarter, compared to analyst estimates of $48.30 billion. Daimler had a return on equity of 17.47% and a net margin of 5.68%. Research analysts forecast that Daimler will post 10.01 EPS for the current fiscal 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 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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