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 report released on Wednesday morning, 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. “

Several other brokerages also recently issued reports on DDAIF. Royal Bank of Canada set a €67.00 ($77.91) target price on Daimler and gave the company a buy rating in a research note on Monday, June 3rd. UBS Group reissued a hold rating on shares of Daimler in a research note on Wednesday, May 22nd. Bank of America reissued a buy rating on shares of Continental in a research note on Wednesday, May 15th. Sanford C. Bernstein reissued a hold rating and set a $73.00 target price on shares of Daimler in a research note on Wednesday, April 24th. Finally, Societe Generale reissued a hold rating on shares of Daimler in a research note on Tuesday, April 30th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $63.40.

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

Daimler (OTCMKTS:DDAIF) last posted its quarterly earnings data on Friday, April 26th. The company reported $2.23 EPS for the quarter, topping the consensus estimate of $2.01 by $0.22. Daimler had a return on equity of 10.77% and a net margin of 4.27%. The firm had revenue of $45.08 billion for the quarter. On average, analysts forecast that Daimler will post 7.92 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 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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