Daimler (ETR:DAI) Given a €48.00 Price Target by Morgan Stanley Analysts

Daimler (ETR:DAI) has been assigned a €48.00 ($53.93) target price by equities researchers at Morgan Stanley in a research report issued on Wednesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 27.54% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. UBS Group set a €38.00 ($42.70) target price on Daimler and gave the company a “neutral” rating in a report on Tuesday, June 30th. Bank of America set a €43.00 ($48.31) target price on Daimler and gave the company a “buy” rating in a report on Tuesday, June 16th. Deutsche Bank set a €35.00 ($39.33) target price on Daimler and gave the company a “neutral” rating in a report on Monday, May 4th. HSBC set a €30.00 ($33.71) target price on Daimler and gave the company a “neutral” rating in a report on Friday, April 17th. Finally, Citigroup set a €25.00 ($28.09) target price on Daimler and gave the company a “sell” rating in a report on Wednesday, July 1st. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Daimler currently has a consensus rating of “Hold” and an average price target of €40.11 ($45.07).

Shares of Daimler stock traded down €0.18 ($0.20) during trading on Wednesday, hitting €37.64 ($42.29). 3,390,612 shares of the stock traded hands, compared to its average volume of 4,430,000. The company has a quick ratio of 0.82, a current ratio of 1.19 and a debt-to-equity ratio of 250.65. The stock has a market cap of $40.26 billion and a price-to-earnings ratio of 107.53. The firm’s fifty day moving average is €35.15 and its 200-day moving average is €36.91. Daimler has a 52 week low of €21.02 ($23.61) and a 52 week high of €54.50 ($61.24).

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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