Sanford C. Bernstein Reiterates “€73.00” Price Target for Daimler (DAI)
Sanford C. Bernstein set a €73.00 ($84.88) target price on Daimler (ETR:DAI) in a report issued on Wednesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other research firms also recently issued reports on DAI. HSBC set a €46.00 ($53.49) price target on Daimler and gave the stock a sell rating in a research note on Thursday, March 21st. UBS Group set a €52.00 ($60.47) price target on Daimler and gave the stock a neutral rating in a research note on Friday, April 26th. Barclays set a €62.00 ($72.09) price target on Daimler and gave the stock a neutral rating in a research note on Monday, April 29th. Morgan Stanley set a €60.00 ($69.77) price target on Daimler and gave the stock a buy rating in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. set a €69.00 ($80.23) price target on Daimler and gave the stock a buy rating in a research note on Monday, February 25th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. Daimler has an average rating of Hold and an average target price of €58.30 ($67.79).
DAI stock opened at €47.43 ($55.15) on Wednesday. The firm has a market capitalization of $50.74 billion and a PE ratio of 7.18. Daimler has a 1 year low of €44.51 ($51.76) and a 1 year high of €68.64 ($79.81). 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 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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