Daimler (DAI) Given a €65.00 Price Target by Bank of America Analysts
Daimler (ETR:DAI) has been assigned a €65.00 ($75.58) target price by research analysts at Bank of America in a report issued on Tuesday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s target price suggests a potential upside of 19.71% from the company’s current price.
A number of other brokerages have also weighed in on DAI. Barclays set a €61.00 ($70.93) price objective on Daimler and gave the company a “sell” rating in a research note on Tuesday, January 15th. HSBC set a €46.00 ($53.49) price objective on Daimler and gave the company a “sell” rating in a research note on Thursday, March 21st. UBS Group set a €52.00 ($60.47) price objective on Daimler and gave the company a “neutral” rating in a research note on Friday, April 26th. Morgan Stanley set a €60.00 ($69.77) price objective on Daimler and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. set a €69.00 ($80.23) target price on Daimler and gave the stock a “buy” rating in a research report on Monday, February 25th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of €57.74 ($67.14).
Shares of ETR DAI opened at €54.30 ($63.14) on Tuesday. Daimler has a fifty-two week low of €44.51 ($51.76) and a fifty-two week high of €68.64 ($79.81). The company has a quick ratio of 0.85, a current ratio of 1.23 and a debt-to-equity ratio of 228.26. The company has a market cap of $58.09 billion and a price-to-earnings ratio of 8.21.
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.
Featured Article: The mechanics of the bid-ask spread in trading
Receive News & Ratings for Daimler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daimler and related companies with MarketBeat.com's FREE daily email newsletter.