Daimler (OTCMKTS:DDAIF) Stock Rating Upgraded by Zacks Investment Research

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Daimler (OTCMKTS:DDAIF) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Thursday, Zacks.com reports.

According to Zacks, “DAIMLER AG with its businesses Mercedes-Benz Cars, Daimler Trucks, Daimler Financial Services, Mercedes-Benz Vans and Daimler Buses, is a globally leading producer of premium passenger cars and the largest manufacturer of commercial vehicles in the world. The Daimler Financial Services division has a broad offering of financial services, including vehicle financing, leasing, insurance and fleet management. “

A number of other equities analysts have also issued reports on the stock. Barclays restated a “hold” rating on shares of Daimler in a research report on Tuesday, November 19th. BNP Paribas lowered shares of Daimler from an “outperform” rating to a “neutral” rating in a research report on Friday, November 15th. UBS Group lowered shares of Daimler from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 5th. Deutsche Bank lowered shares of Daimler from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. Finally, HSBC lowered shares of Daimler from a “hold” rating to a “reduce” rating in a research report on Wednesday, November 6th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $60.20.

Shares of DDAIF opened at $46.68 on Thursday. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 1.58. The firm has a market cap of $50.03 billion, a PE ratio of 6.41, a price-to-earnings-growth ratio of 2.38 and a beta of 1.54. The company’s 50 day simple moving average is $51.09 and its 200-day simple moving average is $52.30. Daimler has a 12-month low of $44.80 and a 12-month high of $67.20.

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 (OTCMKTS:DDAIF)

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