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Thursday, 07/25/2019 1:15:34 PM

Thursday, July 25, 2019 1:15:34 PM

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Daimler’s (DDAIF) “Buy” Rating Reaffirmed at JPMorgan Chase & Co.

Jul 20th, 2019

JPMorgan Chase & Co. reaffirmed their buy rating on shares of Daimler (OTCMKTS:DDAIF) in a research report report published on Friday, July 12th, reports. The brokerage currently has a $69.00 price target on the stock.

Several other research analysts have also recently commented on the company. ValuEngine cut Verso from a hold rating to a sell rating in a research note on Thursday, May 23rd. Bank of America restated a buy rating on shares of Continental in a research note on Wednesday, May 15th. Sanford C. Bernstein restated a hold rating and set a $73.00 price objective on shares of Daimler in a research note on Wednesday, April 24th. Royal Bank of Canada set a €67.00 ($77.91) price objective on Daimler and gave the company a buy rating in a research note on Monday, June 3rd. Finally, Societe Generale restated a hold rating on shares of Daimler in a research note on Tuesday, April 30th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $63.40.

Shares of OTCMKTS DDAIF traded down $0.45 on Friday, hitting $50.80. The company had a trading volume of 43,969 shares, compared to its average volume of 45,689. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 0.91. Daimler has a 12-month low of $50.64 and a 12-month high of $69.83. The company has a 50 day moving average price of $53.88. The firm has a market cap of $54.35 billion, a price-to-earnings ratio of 6.34, a P/E/G ratio of 1.09 and a beta of 1.46.

Daimler (OTCMKTS:DDAIF) last released its quarterly earnings results on Friday, April 26th. The company reported $2.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.01 by $0.22. Daimler had a return on equity of 10.77% and a net margin of 4.27%. The business had revenue of $45.08 billion for the quarter. Equities research analysts predict that Daimler will post 6.49 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.

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