Daimler (OTCMKTS:DDAIF) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Daimler (OTCMKTS:DDAIF) from a sell rating to a hold rating in a research note published on Tuesday, January 2nd.

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. “

Several other analysts also recently commented on DDAIF. Credit Suisse Group assumed coverage on shares of Daimler in a research report on Wednesday, October 18th. They set a neutral rating for the company. Bryan, Garnier & Co initiated coverage on Daimler in a report on Monday, September 25th. They issued a buy rating on the stock. Evercore ISI upgraded Daimler to an outperform rating in a report on Friday, September 8th. Finally, Goldman Sachs Group upgraded Daimler from a neutral rating to a buy rating in a report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold.

Shares of Daimler (DDAIF) opened at $88.81 on Tuesday. The firm has a market cap of $94,940.00, a P/E ratio of 8.40, a price-to-earnings-growth ratio of 3.10 and a beta of 1.61. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. Daimler has a 52-week low of $69.33 and a 52-week high of $88.86.

Daimler (OTCMKTS:DDAIF) last released its earnings results on Friday, October 20th. The company reported $2.38 earnings per share for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.27). The firm had revenue of $47.94 billion for the quarter. Daimler had a net margin of 5.84% and a return on equity of 16.10%. equities research analysts forecast that Daimler will post 10.92 earnings per share for the current fiscal year.

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Daimler Company Profile

Daimler AG (Daimler) is an automotive engineering company. The Company is engaged in the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Daimler’s segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services.

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