Daimler (DDAIF) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Daimler (OTCMKTS:DDAIF) from a hold rating to a sell rating in a report published on Monday.

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. “

DDAIF has been the subject of a number of other research reports. Credit Suisse Group assumed coverage on Daimler in a research note on Wednesday, October 18th. They issued a neutral rating for the company. Bryan, Garnier & Co assumed coverage on Daimler in a research report on Monday, September 25th. They set a buy rating for the company. Evercore ISI raised Daimler to an outperform rating in a research report on Friday, September 8th. Finally, Goldman Sachs Group raised Daimler from a neutral rating to a buy rating in a research report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold.

Shares of Daimler (OTCMKTS DDAIF) opened at $84.63 on Monday. Daimler has a 52 week low of $69.33 and a 52 week high of $85.45. The company has a market capitalization of $91,146.96, a price-to-earnings ratio of 8.67, a P/E/G ratio of 2.79 and a beta of 1.62. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 1.22.

Daimler (OTCMKTS:DDAIF) last announced its quarterly earnings results on Friday, October 20th. The company reported $2.38 EPS for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.27). Daimler had a return on equity of 16.10% and a net margin of 5.84%. The business had revenue of $47.94 billion during the quarter. analysts expect that Daimler will post 10.92 EPS for the current fiscal year.

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Daimler Company Profile

Daimler AG (Daimler) is an automotive engineering company. The Company is engaged in the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Daimler’s segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services.

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