Daimler (DDAIF) was Downgraded to a Hold Rating at Kepler Capital

Daimler (DDAIFResearch Report) received a Hold rating and a EUR52.00 price target from Kepler Capital analyst Carola Holtz on October 23. The company’s shares closed last Friday at $57.49, close to its 52-week high of $60.00.

According to TipRanks.com, Holtz ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -3.0% and a 49.3% success rate. Holtz covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Anheuser-Busch Inbev Sa, and Royal Ahold Delhaize.

Currently, the analyst consensus on Daimler is a Moderate Buy with an average price target of $65.61, a 14.0% upside from current levels. In a report issued on October 16, Pareto also upgraded the stock to Hold with a EUR48.00 price target.

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The company has a one-year high of $60.00 and a one-year low of $22.75. Currently, Daimler has an average volume of 31.25K.

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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.