BNP Paribas Downgrades Daimler (OTCMKTS:DDAIF) to Neutral

Daimler (OTCMKTS:DDAIF) was downgraded by analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a note issued to investors on Friday, Automated Import reports.

DDAIF has been the topic of a number of other research reports. UBS Group downgraded shares of Daimler from a “buy” rating to a “neutral” rating in a report on Tuesday, November 5th. HSBC downgraded shares of Daimler from a “hold” rating to a “reduce” rating in a report on Wednesday, November 6th. DZ Bank reaffirmed a “sell” rating on shares of Daimler in a report on Wednesday, July 24th. Goldman Sachs Group reaffirmed a “sell” rating and set a $42.00 price target on shares of Daimler in a report on Wednesday, July 24th. Finally, ValuEngine raised shares of Daimler from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $59.83.

OTCMKTS:DDAIF traded down $0.51 during midday trading on Friday, reaching $55.85. 38,536 shares of the stock traded hands, compared to its average volume of 52,738. Daimler has a 12 month low of $44.80 and a 12 month high of $67.20. The company has a fifty day moving average of $54.29 and a 200 day moving average of $53.55. The stock has a market capitalization of $60.29 billion, a P/E ratio of 6.97, a PEG ratio of 2.27 and a beta of 1.49. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.88 and a current ratio of 1.22.

Daimler (OTCMKTS:DDAIF) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.70 by $0.09. Daimler had a net margin of 2.40% and a return on equity of 11.42%. The company had revenue of $48.11 billion for the quarter, compared to the consensus estimate of $47.96 billion. On average, analysts predict that Daimler will post 4.56 EPS 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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Analyst Recommendations for Daimler (OTCMKTS:DDAIF)

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