Daimler (ETR:DAI) Given a €50.00 Price Target at Sanford C. Bernstein

Sanford C. Bernstein set a €50.00 ($58.14) price target on Daimler (ETR:DAI) in a report released on Friday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages have also recently weighed in on DAI. Goldman Sachs Group set a €42.00 ($48.84) price objective on Daimler and gave the company a sell rating in a report on Wednesday, July 24th. Credit Suisse Group set a €57.00 ($66.28) price objective on Daimler and gave the company a neutral rating in a report on Monday, June 3rd. Warburg Research set a €54.00 ($62.79) price objective on Daimler and gave the company a neutral rating in a report on Wednesday, July 24th. Morgan Stanley set a €62.00 ($72.09) price objective on Daimler and gave the company a buy rating in a report on Tuesday. Finally, Independent Research set a €51.00 ($59.30) price objective on Daimler and gave the company a neutral rating in a report on Wednesday, July 24th. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of €55.50 ($64.53).

Shares of ETR DAI opened at €41.25 ($47.96) on Friday. The stock has a market cap of $44.12 billion and a price-to-earnings ratio of 10.96. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 249.44. Daimler has a 1-year low of €42.50 ($49.42) and a 1-year high of €60.00 ($69.77). The stock’s 50-day moving average is €46.24 and its 200 day moving average is €50.66.

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 (ETR:DAI)

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