Daimler AG (DDAIF) Downgraded by Zacks Investment Research
Daimler AG (NASDAQ:DDAIF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.
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. “
DDAIF has been the subject of several other reports. Goldman Sachs Group, Inc. (The) upgraded Daimler AG from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 6th. Bryan, Garnier & Co initiated coverage on Daimler AG in a research note on Monday, September 25th. They set a “buy” rating for the company. Credit Suisse Group initiated coverage on Daimler AG in a research note on Wednesday, October 18th. They set a “neutral” rating for the company. Finally, Evercore ISI upgraded Daimler AG to an “outperform” rating in a research note on Friday, September 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold”.
Shares of Daimler AG (NASDAQ:DDAIF) traded up $0.23 during mid-day trading on Friday, hitting $85.08. The company had a trading volume of 12,573 shares.
Daimler AG (NASDAQ:DDAIF) last issued its quarterly earnings results on Friday, October 20th. The company reported $2.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.65 by ($0.27). Daimler AG had a net margin of 5.56% and a return on equity of 14.42%. The company had revenue of $47.94 billion during the quarter.
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Daimler AG 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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