Daimler (DDAIF) Got Some Good News

By Ryan Adsit

Kepler Capital analyst Carola Holtz upgraded Daimler (DDAIFResearch Report) to Buy yesterday and set a price target of EUR35.00. The company’s shares closed last Thursday at $32.79.

According to TipRanks.com, Holtz is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -8.5% and a 37.5% success rate. Holtz covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Anheuser-Busch Inbev Sa, and Hermes International.

Currently, the analyst consensus on Daimler is a Hold with an average price target of $36.25, representing a 14.0% upside. In a report issued on March 25, Jefferies also upgraded the stock to Buy with a EUR40.00 price target.

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Daimler’s market cap is currently $35.08B and has a P/E ratio of 12.30. The company has a Price to Book ratio of 0.66.

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Daimler AG engages in the production and distribution of cars, trucks, and vans. It operates through the following segments: Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services. The Mercedes-Benz Cars segment sells passenger cars and off-road vehicles under the Mercedes-Benz brand and small cars under the smart brand. The Daimler Trucks distributes its trucks under the brand names Mercedes-Benz, Freightliner, FUSO, Western Star, and BharatBenz. The Mercedes-Benz Vans segment manufactures commercial vans such as Sprinter large van, the Vito mid-size van, and the Mecedez-Benz Citan urban delivery van. The Daimler Buses segment trades city and intercity buses, coaches, and bus chassis under the Mercedes-Benz and Setra brands. The Daimler Financial Services segment consists of tailored financing and leasing packages for customers and dealers. It also provides services such as insurance, fleet management, investment products, and credit cards. The company was founded by Gottlieb Daimler and Carl Benz in 1926 and is headquartered in Stuttgart, Germany.