Daimler AG (DAI) Receives Consensus Rating of “Hold” from Brokerages
Daimler AG (ETR:DAI) has been given an average rating of “Hold” by the twenty-three ratings firms that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is €59.45 ($69.13).
A number of research firms have recently weighed in on DAI. Sanford C. Bernstein set a €73.00 ($84.88) price target on Daimler and gave the company a “neutral” rating in a report on Wednesday, February 27th. JPMorgan Chase & Co. set a €69.00 ($80.23) price target on Daimler and gave the company a “buy” rating in a report on Monday, February 25th. Morgan Stanley set a €60.00 ($69.77) price target on Daimler and gave the company a “buy” rating in a report on Friday, February 1st. Credit Suisse Group set a €58.00 ($67.44) price target on Daimler and gave the company a “neutral” rating in a report on Tuesday, February 5th. Finally, Independent Research set a €53.00 ($61.63) target price on Daimler and gave the stock a “neutral” rating in a report on Wednesday, February 6th.
Shares of DAI traded down €0.26 ($0.30) during mid-day trading on Thursday, reaching €51.09 ($59.41). 3,228,573 shares of the company’s stock traded hands, compared to its average volume of 4,430,000. The stock has a market cap of $54.66 billion and a PE ratio of 7.54. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 219.37. Daimler has a 12 month low of €44.51 ($51.76) and a 12 month high of €69.77 ($81.13).
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.
Further Reading: Moving Average (MA)
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