Daimler’s (DAI) Sell Rating Reaffirmed at DZ Bank

Daimler (ETR:DAI)‘s stock had its “sell” rating reiterated by investment analysts at DZ Bank in a research report issued on Monday, Borsen Zeitung reports.

Several other analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft set a €60.00 ($70.59) price objective on shares of Daimler and gave the stock a “buy” rating in a report on Friday, October 9th. Nord/LB set a €47.00 ($55.29) price objective on shares of Daimler and gave the stock a “neutral” rating in a report on Friday. Kepler Capital Markets set a €52.00 ($61.18) price objective on shares of Daimler and gave the stock a “neutral” rating in a report on Monday, October 19th. JPMorgan Chase & Co. set a €63.00 ($74.12) price objective on shares of Daimler and gave the stock a “buy” rating in a report on Monday. Finally, Citigroup set a €25.00 ($29.41) price objective on shares of Daimler and gave the stock a “sell” rating in a report on Wednesday, July 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. Daimler has an average rating of “Hold” and an average target price of €50.24 ($59.10).

Daimler stock traded up €0.49 ($0.58) during trading hours on Monday, hitting €48.40 ($56.94). The company had a trading volume of 3,630,900 shares, compared to its average volume of 4,430,000. The company has a debt-to-equity ratio of 267.75, a current ratio of 1.20 and a quick ratio of 0.85. The firm has a market capitalization of $51.78 billion and a P/E ratio of -173.48. Daimler has a fifty-two week low of €21.02 ($24.72) and a fifty-two week high of €54.50 ($64.12). The firm’s fifty day moving average is €46.36 and its 200-day moving average is €38.12.

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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