Daimler (ETR:DAI) Given a €62.00 Price Target by Morgan Stanley Analysts

Morgan Stanley set a €62.00 ($72.09) price target on Daimler (ETR:DAI) in a research report released on Friday, June 28th, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

DAI has been the subject of a number of other research reports. Credit Suisse Group lowered their price objective on FOX from $51.00 to $45.00 and set an outperform rating for the company in a research report on Monday, June 3rd. UBS Group reaffirmed a hold rating on shares of Daimler in a research report on Wednesday, May 22nd. Nord/LB set a €48.00 ($55.81) price objective on Daimler and gave the company a neutral rating in a report on Monday, June 24th. Sanford C. Bernstein set a €220.00 ($255.81) price target on Volkswagen and gave the company a buy rating in a research report on Friday, June 21st. Finally, Independent Research set a €53.00 ($61.63) price objective on Daimler and gave the stock a neutral rating in a research report on Monday, June 24th. Six research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of €55.58 ($64.63).

Shares of ETR:DAI traded up €0.06 ($0.07) on Friday, reaching €45.44 ($52.84). The company had a trading volume of 3,765,640 shares, compared to its average volume of 4,430,000. Daimler has a 52-week low of €44.51 ($51.76) and a 52-week high of €60.00 ($69.77). The business has a 50 day moving average of €47.83. The firm has a market capitalization of $48.61 billion and a price-to-earnings ratio of 6.87. The company has a quick ratio of 0.85, a current ratio of 1.23 and a debt-to-equity ratio of 228.26.

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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