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

Morgan Stanley set a €62.00 ($72.09) target price on Daimler (ETR:DAI) in a research note issued to investors on Monday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Several other research analysts also recently commented on the company. Nord/LB set a €48.00 ($55.81) target price on Daimler and gave the stock a neutral rating in a report on Monday, June 24th. Bank of America set a €155.00 ($180.23) price objective on Continental and gave the company a buy rating in a research note on Tuesday, May 14th. UBS Group boosted their price objective on T. Rowe Price Group from $109.00 to $111.00 and gave the company a neutral rating in a research note on Monday, July 8th. JPMorgan Chase & Co. reissued a buy rating and issued a $69.00 price objective on shares of Daimler in a research note on Friday, July 12th. Finally, Kepler Capital Markets reissued a hold rating on shares of Continental in a research note on Friday, June 28th. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. Daimler has a consensus rating of Hold and an average price target of €55.58 ($64.63).

Shares of DAI opened at €45.38 ($52.77) on Monday. The firm has a market cap of $48.55 billion and a P/E ratio of 6.87. Daimler has a 12 month low of €44.51 ($51.76) and a 12 month high of €60.00 ($69.77). The stock’s 50-day moving average is €47.87. The company has a debt-to-equity ratio of 228.26, a current ratio of 1.23 and a quick ratio of 0.85.

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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