Daimler AG (OTCMKTS:DDAIF) Receives $62.25 Consensus Price Target from Analysts

Shares of Daimler AG (OTCMKTS:DDAIF) have earned a consensus recommendation of “Hold” from the twenty-one research firms that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $62.25.

A number of brokerages recently issued reports on DDAIF. Deutsche Bank reissued a “buy” rating on shares of Daimler in a research note on Tuesday, June 18th. Goldman Sachs Group reissued a “sell” rating and set a $42.00 price target on shares of Daimler in a research note on Wednesday, July 24th. JPMorgan Chase & Co. reissued a “buy” rating and set a $69.00 price target on shares of Daimler in a research note on Friday, July 12th. Zacks Investment Research raised Daimler from a “sell” rating to a “hold” rating in a research note on Wednesday, July 10th. Finally, ValuEngine lowered Daimler from a “sell” rating to a “strong sell” rating in a research note on Thursday, May 23rd.

Shares of Daimler stock traded up $0.92 on Friday, reaching $46.08. The company had a trading volume of 30,100 shares, compared to its average volume of 59,590. The firm has a market cap of $48.31 billion, a price-to-earnings ratio of 5.75, a P/E/G ratio of 1.09 and a beta of 1.43. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.12 and a quick ratio of 0.81. The firm’s 50-day moving average price is $51.86 and its two-hundred day moving average price is $57.05. Daimler has a 1 year low of $44.80 and a 1 year high of $68.01.

Daimler (OTCMKTS:DDAIF) last announced its earnings results on Wednesday, July 24th. The company reported $2.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $1.02. Daimler had a return on equity of 11.25% and a net margin of 2.45%. The firm had revenue of $47.93 billion during the quarter, compared to analysts’ expectations of $46.69 billion. As a group, analysts anticipate that Daimler will post 5.74 EPS for the current year.

About Daimler

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.

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Analyst Recommendations for Daimler (OTCMKTS:DDAIF)

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