Daimler (DDAIF) Receives a Buy from Kepler Capital

In a report issued on May 3, Alexandre Raverdy from Kepler Capital maintained a Buy rating on Daimler (DDAIFResearch Report), with a price target of EUR85.00. The company’s shares closed last Tuesday at $84.66, close to its 52-week high of $93.42.

According to TipRanks.com, Raverdy is a 1-star analyst with an average return of -2.5% and a 55.6% success rate. Raverdy covers the Consumer Goods sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Bayerische Motoren Werke Aktiengesellschaft, and Stellantis.

Currently, the analyst consensus on Daimler is a Moderate Buy with an average price target of $109.75, a 24.1% upside from current levels. In a report issued on April 18, Goldman Sachs also maintained a Buy rating on the stock with a EUR100.00 price target.

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Daimler’s market cap is currently $95.91B and has a P/E ratio of 10.10. The company has a Price to Book ratio of 1.59.

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Daimler AG engages in the production and distribution of cars, trucks, and vans. It operates through the following segments: Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services. The Mercedes-Benz Cars segment sells passenger cars and off-road vehicles under the Mercedes-Benz brand and small cars under the smart brand. The Daimler Trucks distributes its trucks under the brand names Mercedes-Benz, Freightliner, FUSO, Western Star, and BharatBenz. The Mercedes-Benz Vans segment manufactures commercial vans such as Sprinter large van, the Vito mid-size van, and the Mecedez-Benz Citan urban delivery van. The Daimler Buses segment trades city and intercity buses, coaches, and bus chassis under the Mercedes-Benz and Setra brands. The Daimler Financial Services segment consists of tailored financing and leasing packages for customers and dealers. It also provides services such as insurance, fleet management, investment products, and credit cards. The company was founded by Gottlieb Daimler and Carl Benz in 1926 and is headquartered in Stuttgart, Germany.