Daimler AG (ETR:DAI) Given Average Recommendation of “Hold” by Brokerages

Shares of Daimler AG (ETR:DAI) have received an average rating of “Hold” from the twenty-four research firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is €57.91 ($67.34).

Several analysts have issued reports on DAI shares. Barclays set a €62.00 ($72.09) price objective on shares of Daimler and gave the stock a “neutral” rating in a research note on Friday, March 29th. UBS Group set a €52.00 ($60.47) price objective on shares of Daimler and gave the stock a “neutral” rating in a research note on Monday, April 15th. Bank of America set a €65.00 ($75.58) price objective on shares of Daimler and gave the stock a “buy” rating in a research note on Tuesday, May 14th. JPMorgan Chase & Co. set a €69.00 ($80.23) price target on shares of Daimler and gave the company a “buy” rating in a research note on Wednesday, March 13th. Finally, Credit Suisse Group set a €58.00 ($67.44) price target on shares of Daimler and gave the company a “neutral” rating in a research note on Tuesday, April 23rd.

ETR DAI traded up €0.63 ($0.73) during trading on Friday, hitting €48.93 ($56.89). The stock had a trading volume of 3,916,090 shares, compared to its average volume of 4,430,000. The company has a debt-to-equity ratio of 228.26, a current ratio of 1.23 and a quick ratio of 0.85. The stock has a market cap of $52.34 billion and a PE ratio of 7.40. Daimler has a one year low of €44.51 ($51.76) and a one year high of €60.00 ($69.77). The firm’s 50 day moving average price is €49.22.

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 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 (ETR:DAI)

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