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

Daimler Truck (OTCMKTS:DTRUY) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday, Zacks reports.

Other analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Daimler Truck in a report on Thursday, July 23rd. Citigroup restated a “buy” rating on shares of Daimler Truck in a research note on Wednesday, August 12th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Daimler Truck in a research report on Thursday, August 13th. Morgan Stanley cut Daimler Truck from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 4th. Finally, Kepler Capital Markets upgraded shares of Daimler Truck from a “reduce” rating to a “buy” rating in a research note on Tuesday, July 21st. Two 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 MarketBeat.com, Daimler Truck presently has an average rating of “Buy”.

Daimler Truck Stock Down 0.8%

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

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

Daimler Truck Company Profile

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.