Daimler Truck (OTCMKTS:DTRUY) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Daimler Truck (OTCMKTS:DTRUY) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday morning,Zacks reports.

Several other analysts have also issued reports on DTRUY. Citigroup reiterated a “buy” rating on shares of Daimler Truck in a research note on Wednesday, August 12th. Barclays upgraded shares of Daimler Truck from a “hold” rating to an “overweight” rating in a report on Tuesday, July 7th. Morgan Stanley cut shares of Daimler Truck from an “overweight” rating to an “equal weight” rating in a report on Friday, September 4th. Kepler Capital Markets raised shares of Daimler Truck from a “reduce” rating to a “buy” rating in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Daimler Truck in a research note on Thursday, August 13th. Two equities research 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 data from MarketBeat.com, the company presently has an average rating of “Buy”.

Daimler Truck Stock Down 0.8%

Shares of OTCMKTS:DTRUY opened at $22.58 on Thursday. The stock has a market cap of $34.57 billion, a price-to-earnings ratio of 45.16 and a beta of 0.06. The company has a quick ratio of 1.33, a current ratio of 1.70 and a debt-to-equity ratio of 0.82. Daimler Truck has a 12-month low of $19.43 and a 12-month high of $28.73. The business’s 50 day moving average is $24.41 and its 200 day moving average is $24.73.

Daimler Truck (OTCMKTS:DTRUY) last released its quarterly earnings results on Friday, August 7th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.39). Daimler Truck had a net margin of 5.87% and a return on equity of 4.79%. The company had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $14.29 billion. On average, sell-side analysts forecast that Daimler Truck will post 2.00 earnings per share for the current fiscal year.

About Daimler Truck

Daimler Truck Holding AG is a global commercial vehicle manufacturer headquartered in Leinfelden-Echterdingen, Germany. The company develops, manufactures and sells medium- and heavy-duty trucks, buses and coaches, along with related parts, maintenance, leasing and financing services.

Its portfolio includes Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz, Thomas Built Buses and Setra. Daimler Truck also develops electric and other alternative-drive commercial vehicles, digital fleet-management solutions and charging-related services to support the transition toward lower-emission transportation.

The company serves customers across Europe, North America, Latin America and Asia, with manufacturing, sales and service operations in multiple international markets.