Zacks Investment Research Upgrades Daimler (DDAIF) to Hold
Daimler (OTCMKTS:DDAIF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
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. “
A number of other equities research analysts also recently weighed in on DDAIF. Sanford C. Bernstein reaffirmed a “hold” rating on shares of Daimler in a research report on Wednesday, October 17th. HSBC reaffirmed a “sell” rating on shares of Daimler in a research report on Friday, November 30th. Credit Suisse Group reissued a “hold” rating on shares of Daimler in a report on Friday, October 26th. equinet reissued a “buy” rating on shares of Daimler in a report on Friday, October 26th. Finally, BNP Paribas raised Daimler to a “buy” rating in a report on Friday, November 16th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Daimler currently has a consensus rating of “Hold” and an average target price of $89.00.
Daimler (OTCMKTS:DDAIF) last issued its quarterly earnings data on Thursday, October 25th. The company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.45). Daimler had a net margin of 5.41% and a return on equity of 14.18%. The company had revenue of $46.78 billion for the quarter, compared to the consensus estimate of $44.75 billion. On average, equities analysts anticipate that Daimler will post 9.46 earnings per share for the current fiscal year.
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 segments. The Mercedes-Benz Cars segment offers premium vehicles of the Mercedes-Benz brand, including the Mercedes-AMG and Mercedes-Maybach brands; and small cars under the smart and Mercedes me brands, as well as electric mobility products under the EQ brand.
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