Daimler Truck (OTCMKTS:DTRUY) Downgraded to “Equal Weight” Rating by Morgan Stanley

Daimler Truck (OTCMKTS:DTRUY) was downgraded by investment analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report released on Friday, Briefing.com reports.

A number of other analysts have also issued reports on the company. Zacks Research lowered Daimler Truck from a “hold” rating to a “strong sell” rating in a report on Thursday, August 13th. Kepler Capital Markets upgraded Daimler Truck from a “reduce” rating to a “buy” rating in a report on Tuesday, July 21st. Royal Bank Of Canada reissued an “outperform” rating on shares of Daimler Truck in a research report on Thursday, August 13th. Citigroup restated a “buy” rating on shares of Daimler Truck in a research report on Wednesday, August 12th. Finally, Barclays raised Daimler Truck from a “hold” rating to an “overweight” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Daimler Truck has an average rating of “Moderate Buy”.

Daimler Truck Stock Performance

DTRUY stock opened at $26.56 on Friday. Daimler Truck has a 52-week low of $19.43 and a 52-week high of $28.73. The company’s 50 day simple moving average is $25.96 and its 200-day simple moving average is $24.96.

Daimler Truck (OTCMKTS:DTRUY) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.39). The company had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.29 billion. On average, research analysts anticipate that Daimler Truck will post 1.97 EPS for the current fiscal year.

Daimler Truck Company Profile

Daimler Truck AG is a leading global manufacturer of commercial vehicles, specializing in the design, production and distribution of trucks, buses and powertrain components. The company operates through a diversified brand portfolio that includes Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz and Thomas Built Buses. Its product range covers heavy-duty, medium-duty and light-duty trucks, as well as a variety of bus models for urban and intercity transportation.

In addition to vehicle manufacturing, Daimler Truck offers a suite of services aimed at fleet management and uptime optimization.