Morgan Stanley Analysts Give Daimler (ETR:DAI) a €62.00 Price Target

Morgan Stanley set a €62.00 ($72.09) price target on Daimler (ETR:DAI) in a research report released on Monday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

DAI has been the topic of several other research reports. Nord/LB set a €50.00 ($58.14) price objective on Daimler and gave the company a neutral rating in a research report on Monday, July 29th. Independent Research set a €51.00 ($59.30) price objective on Daimler and gave the company a neutral rating in a research report on Wednesday, July 24th. Kepler Capital Markets set a €49.00 ($56.98) target price on Daimler and gave the stock a buy rating in a report on Friday, August 30th. Barclays set a €57.00 ($66.28) target price on Daimler and gave the stock a neutral rating in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. set a €65.00 ($75.58) target price on Daimler and gave the stock a buy rating in a report on Tuesday, September 10th. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Daimler currently has an average rating of Hold and a consensus target price of €54.63 ($63.52).

Shares of Daimler stock opened at €47.36 ($55.07) on Monday. The stock’s fifty day moving average is €44.15 and its two-hundred day moving average is €49.70. The company has a market capitalization of $50.67 billion and a PE ratio of 12.59. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 249.44. Daimler has a 52 week low of €40.31 ($46.87) and a 52 week high of €60.00 ($69.77).

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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Analyst Recommendations for Daimler (ETR:DAI)

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