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

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 (OTCMKTS:DDAIF) last released its quarterly earnings results on Friday, April 26th. The company reported $2.23 EPS for the quarter, topping the 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 during the quarter. Equities research analysts forecast that Daimler will post 7.92 earnings per share for the current fiscal 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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Analyst Recommendations for Daimler (OTCMKTS:DDAIF)

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