Daimler Truck (OTCMKTS:DTRUY) Shares Gap Up – What’s Next?

Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY) shares gapped up prior to trading on Tuesday. The stock had previously closed at $22.30, but opened at $24.1350. Daimler Truck shares last traded at $24.08, with a volume of 2,352 shares.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DTRUY shares. Zacks Research upgraded shares of Daimler Truck from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 29th. Kepler Capital Markets upgraded Daimler Truck from a “reduce” rating to a “buy” rating in a research report on Tuesday, July 21st. Morgan Stanley lowered Daimler Truck from an “overweight” rating to an “equal weight” rating in a report on Friday, September 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Daimler Truck in a report on Thursday, July 23rd. Finally, Citigroup reiterated a “buy” rating on shares of Daimler Truck in a research report on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy”.

Daimler Truck Stock Up 2.7%

The stock has a fifty day simple moving average of $23.91 and a two-hundred day simple moving average of $24.70. The firm has a market cap of $36.89 billion, a PE ratio of 48.18 and a beta of 0.12. The company has a current ratio of 1.70, a quick ratio of 1.33 and a debt-to-equity ratio of 0.82.

Daimler Truck (OTCMKTS:DTRUY) last announced its quarterly earnings results on Friday, November 6th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.06). Daimler Truck had a return on equity of 4.79% and a net margin of 5.87%. The firm had revenue of $14.47 billion during the quarter, compared to analysts’ expectations of $14.09 billion. As a group, sell-side analysts expect that Daimler Truck Holding AG – Sponsored ADR will post 2.00 EPS for the current fiscal year.

About Daimler Truck

Daimler Truck Holding AG is a global manufacturer of commercial vehicles, including heavy- and medium-duty trucks and buses. Its brands include Mercedes-Benz Trucks, Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Built Buses. The company also provides parts, maintenance, digital and connected-vehicle services, and financing solutions.

Headquartered in Leinfelden-Echterdingen, Germany, Daimler Truck serves customers across Europe, North America, Latin America and Asia. Its business includes vehicles and services for a range of commercial uses, from freight transport to passenger transit.

The company became an independent, publicly listed business in December 2021, following the separation of Daimler AG’s truck and bus operations.