Zacks Investment Research Downgrades Daimler AG (DDAIF) to Hold

Daimler AG (NASDAQ:DDAIF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, April 20th.

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 have also recently issued reports on DDAIF. Citigroup Inc cut shares of Daimler AG from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 8th. Jefferies Group LLC lowered shares of Daimler AG from a “hold” rating to an “underperform” rating in a research report on Tuesday, April 18th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Daimler AG currently has an average rating of “Hold” and a consensus price target of $79.00.

Analyst Recommendations for Daimler AG (NASDAQ:DDAIF)

Shares of Daimler AG (NASDAQ:DDAIF) opened at 76.04 on Thursday. The company has a 50-day moving average price of $73.46 and a 200-day moving average price of $73.16. Daimler AG has a 12-month low of $56.56 and a 12-month high of $78.21. The firm has a market capitalization of $81.35 billion and a P/E ratio of 7.55.

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Daimler AG Company Profile

Daimler AG (Daimler) is an automotive engineering company. The Company is engaged in the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Daimler’s segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services.

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