Daimler Truck (OTCMKTS:DTRUY) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded Daimler Truck from “strong sell” to “hold,” while broader analyst sentiment remains a “Moderate Buy,” with one Strong Buy, five Buys and three Holds.
• Daimler Truck shares opened at $23.32, with a market capitalization of $35.71 billion and a 52-week range of $19.43 to $28.73.
• The company reported quarterly EPS of $0.09, missing the $0.48 consensus estimate, while revenue of $14.20 billion was slightly below expectations.

Daimler Truck (OTCMKTS:DTRUY - Get Free Report) was upgraded by investment analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Wednesday, Zacks reports.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley downgraded Daimler Truck from an "overweight" rating to an "equal weight" rating in a report on Friday, September 4th. Barclays upgraded Daimler Truck from a "hold" rating to an "overweight" rating in a research report on Tuesday, July 7th. Kepler Capital Markets raised Daimler Truck from a "reduce" rating to a "buy" rating in a research note on Tuesday, July 21st. Royal Bank Of Canada reiterated an "outperform" rating on shares of Daimler Truck in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Daimler Truck in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Daimler Truck presently has a consensus rating of "Moderate Buy".

Daimler Truck Stock Performance

Daimler Truck stock opened at $23.32 on Wednesday. The company has a market cap of $35.71 billion, a PE ratio of 46.64 and a beta of 0.07. The company has a current ratio of 1.70, a quick ratio of 1.33 and a debt-to-equity ratio of 0.82. Daimler Truck has a 1 year low of $19.43 and a 1 year high of $28.73. The company's 50-day moving average is $26.17 and its two-hundred day moving average is $25.00.

Daimler Truck (OTCMKTS:DTRUY - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.39). The business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.29 billion. Daimler Truck had a net margin of 5.87% and a return on equity of 4.79%. Equities analysts anticipate that Daimler Truck will post 2 earnings per share for the current year.

Daimler Truck Company Profile

Daimler Truck Holding AG is a commercial-vehicle manufacturer headquartered in Stuttgart, Germany. The company develops, produces and sells heavy-, medium- and light-duty trucks, as well as buses, coaches and related transportation solutions. Its portfolio includes conventional internal-combustion, battery-electric and hydrogen-based vehicle technologies, along with digital and fleet-management services.

Daimler Truck markets vehicles under brands including Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz and Thomas Built Buses.

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