JP Morgan Cazenove assumed coverage on shares of Daimler AG (NASDAQ: DDAIF) in a report issued on Wednesday, Analyst Ratings Network reports. The firm issued an outperform rating on the stock.
A number of other firms have also recently commented on DDAIF. Analysts at JPMorgan Chase & Co. upgraded shares of Daimler AG from a neutral rating to an overweight rating in a research note to investors on Wednesday. Separately, analysts at Natixis upgraded shares of Daimler AG from a hold rating to a buy rating in a research note to investors on Tuesday, June 18th. Finally, analysts at Deutsche Bank upgraded shares of Daimler AG from a hold rating to a buy rating in a research note to investors on Friday, April 26th.
Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Daimler AG currently has a consensus rating of Buy and an average target price of $58.11.
Daimler AG (NASDAQ: DDAIF) opened at 61.40 on Wednesday. Daimler AG has a 52-week low of $42.63 and a 52-week high of $64.79. The stock’s 50-day moving average is currently $61.98. The company has a market cap of $65.569 billion and a price-to-earnings ratio of 9.59.
Daimler AG is a Germany-based company that develops, manufactures and distributes a range of automotive products, mainly passenger cars, trucks, vans and buses, as well as manages the Daimler Group.