Daimler (DDAIF) Downgraded by Zacks Investment Research

Daimler (OTCMKTS:DDAIF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors 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. “

Several other research firms have also recently weighed in on DDAIF. ValuEngine raised Daimler from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of Daimler in a report on Wednesday, November 14th. Credit Suisse Group reaffirmed a “hold” rating on shares of Daimler in a report on Friday, October 26th. BNP Paribas raised Daimler from an “underperform” rating to a “neutral” rating in a report on Thursday, October 4th. Finally, DZ Bank reaffirmed a “sell” rating on shares of Daimler in a report on Friday, December 7th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $58.00.

OTCMKTS DDAIF traded down $0.85 during trading hours on Friday, hitting $56.20. The company had a trading volume of 74,713 shares, compared to its average volume of 86,602. Daimler has a 52 week low of $50.64 and a 52 week high of $94.41. The company has a quick ratio of 0.93, a current ratio of 1.25 and a debt-to-equity ratio of 1.35. The company has a market cap of $60.50 billion, a P/E ratio of 5.05, a P/E/G ratio of 2.04 and a beta of 1.29.

Daimler (OTCMKTS:DDAIF) last issued its earnings results on Thursday, October 25th. The company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.29 by ($0.45). Daimler had a return on equity of 14.18% and a net margin of 5.41%. The company had revenue of $46.78 billion during the quarter, compared to the consensus estimate of $44.75 billion. Equities research analysts anticipate that Daimler will post 9.07 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 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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