Daimler (OTCMKTS:DDAIF)‘s stock had its “buy” rating reaffirmed by JPMorgan Chase & Co. in a research note issued to investors on Friday, AnalystRatings.com reports. They currently have a $69.00 target price on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 32.41% from the company’s previous close.
Other research analysts have also issued reports about the company. Royal Bank of Canada set a €67.00 ($77.91) price target on Daimler and gave the stock a “buy” rating in a research report on Monday, June 3rd. UBS Group reiterated a “hold” rating on shares of Daimler in a research note on Wednesday, May 22nd. Sanford C. Bernstein restated a “hold” rating and set a $73.00 target price on shares of Daimler in a report on Wednesday, April 24th. Bank of America reaffirmed a “buy” rating on shares of Continental in a research note on Wednesday, May 15th. Finally, ValuEngine lowered shares of Verso from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Daimler currently has a consensus rating of “Hold” and a consensus target price of $63.40.
DDAIF stock traded down $0.64 during midday trading on Friday, hitting $52.11. 78,534 shares of the company’s stock were exchanged, compared to its average volume of 53,138. Daimler has a 1-year low of $50.64 and a 1-year high of $69.83. The company’s 50-day simple moving average is $54.07. The stock has a market capitalization of $55.75 billion, a PE ratio of 6.51, a PEG ratio of 0.86 and a beta of 1.46. 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 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: How to Use a Moving Average for Trading
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