Daimler (OTCMKTS:DDAIF) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Daimler (OTCMKTS:DDAIF) from a sell rating to a hold rating in a research note released on Wednesday, 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. “

DDAIF has been the subject of a number of other reports. Societe Generale reaffirmed a hold rating on shares of Daimler in a research report on Tuesday, April 30th. Bank of America reaffirmed a buy rating on shares of Continental in a research report on Wednesday, May 15th. ValuEngine lowered Verso from a hold rating to a sell rating in a research report on Thursday, May 23rd. Deutsche Bank reaffirmed a buy rating and set a GBX 4,000 ($52.27) target price on shares of in a research report on Tuesday, June 18th. Finally, Citigroup reaffirmed a sell rating on shares of Bayerische Motoren Werke in a research report on Friday, April 5th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. Daimler presently has a consensus rating of Hold and an average price target of $63.40.

Shares of DDAIF stock opened at $52.11 on Wednesday. Daimler has a 52-week low of $50.64 and a 52-week high of $69.83. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 0.91. The company has a market cap of $56.43 billion, a price-to-earnings ratio of 6.51, a P/E/G ratio of 0.86 and a beta of 1.46. The business’s 50 day simple moving average is $54.07.

Daimler (OTCMKTS:DDAIF) last issued its earnings results on Friday, April 26th. The company reported $2.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.22. The business had revenue of $45.08 billion during the quarter. Daimler had a return on equity of 10.77% and a net margin of 4.27%. On average, equities research analysts anticipate that Daimler will post 7.92 earnings per share for the current fiscal year.

Daimler Company Profile

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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