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

Shares of Daimler AG (OTCMKTS:DDAIF) have been given a consensus recommendation of “Hold” by the seventeen brokerages that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $62.25.

DDAIF has been the subject of a number of analyst reports. Jefferies Financial Group upgraded shares of Daimler from an “underperform” rating to a “buy” rating in a research note on Wednesday. Royal Bank of Canada restated a “buy” rating on shares of Daimler in a research note on Wednesday, March 18th. Deutsche Bank cut shares of Daimler from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. ValuEngine cut shares of Daimler from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. Finally, Zacks Investment Research upgraded shares of Daimler from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 13th.

DDAIF stock traded up $0.85 during trading on Monday, reaching $31.90. 116,724 shares of the stock were exchanged, compared to its average volume of 79,664. Daimler has a twelve month low of $22.75 and a twelve month high of $67.20. The company has a market capitalization of $34.13 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 1.69 and a beta of 1.49. The stock has a 50 day simple moving average of $39.08 and a 200-day simple moving average of $50.09. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 1.58.

Daimler (OTCMKTS:DDAIF) last released its earnings results on Tuesday, February 11th. The company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.02. The business had revenue of $52.20 billion for the quarter, compared to the consensus estimate of $51.86 billion. Daimler had a return on equity of 10.82% and a net margin of 1.38%. Equities analysts predict that Daimler will post 5.62 EPS for the current year.

Daimler Company Profile

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: Asset Allocation

Analyst Recommendations for Daimler (OTCMKTS:DDAIF)

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