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

Key Points

• Daimler Truck's stock rating has been downgraded by Zacks Research from "hold" to "strong sell," reflecting negative sentiment among analysts.
• In contrast, Royal Bank of Canada reissued an "outperform" rating, with current consensus rating for the stock being "Hold."
• The company recently initiated a stock buyback program, indicating the board believes the shares are undervalued, despite varying analyst opinions on the stock's performance.

Daimler Truck (OTCMKTS:DTRUY - Get Free Report) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Royal Bank Of Canada reissued an "outperform" rating on shares of Daimler Truck in a report on Tuesday, August 5th. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold".

Daimler Truck Price Performance

Shares of DTRUY stock opened at $19.74 on Monday. The company's 50 day moving average is $22.39 and its 200 day moving average is $21.95. Daimler Truck has a 52-week low of $16.94 and a 52-week high of $26.40.

Daimler Truck declared that its Board of Directors has authorized a stock buyback program on Monday, July 7th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Daimler Truck Company Profile

Daimler Truck Holding AG manufactures and sells commercial trucks. The company was founded in 2021 and is based in Stuttgart, Germany.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.