Daimler (ETR:DAI) Given a €55.00 Price Target at Sanford C. Bernstein

Sanford C. Bernstein set a €55.00 ($63.95) price target on Daimler (ETR:DAI) in a report released on Wednesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

Several other brokerages have also issued reports on DAI. Jefferies Financial Group restated a buy rating on shares of Extended Stay America in a research report on Tuesday, July 2nd. UBS Group boosted their price target on T. Rowe Price Group from $109.00 to $111.00 and gave the company a neutral rating in a report on Monday. Barclays upgraded WPP from an equal weight rating to an overweight rating in a report on Monday, April 29th. Kepler Capital Markets restated a hold rating on shares of Continental in a report on Friday, June 28th. Finally, HSBC lowered China Mobile from a buy rating to a hold rating in a report on Thursday, March 21st. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. Daimler presently has a consensus rating of Hold and an average target price of €56.70 ($65.93).

ETR DAI traded down €0.37 ($0.43) during trading hours on Wednesday, hitting €46.65 ($54.24). 3,153,318 shares of the company were exchanged, 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 stock has a 50-day moving average price of €48.03. The stock has a market capitalization of $49.91 billion and a PE ratio of 7.06. The company has a current ratio of 1.23, a quick ratio of 0.85 and a debt-to-equity ratio of 228.26.

Daimler Company Profile

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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