Daimler (ETR:DAI) PT Set at €69.00 by JPMorgan Chase & Co.

Daimler (ETR:DAI) received a €69.00 ($80.23) target price from equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 44.99% from the stock’s previous close.

A number of other research analysts have also recently commented on DAI. Sanford C. Bernstein set a €73.00 ($84.88) target price on shares of Daimler and gave the company a “neutral” rating in a research report on Friday, June 21st. Deutsche Bank set a €70.00 ($81.40) target price on shares of Daimler and gave the company a “buy” rating in a research report on Tuesday, June 18th. Morgan Stanley reaffirmed a “buy” rating on shares of Daimler in a research report on Wednesday, June 12th. Nord/LB reaffirmed a “neutral” rating on shares of Daimler in a research report on Tuesday, June 4th. Finally, Royal Bank of Canada set a €67.00 ($77.91) target price on shares of Daimler and gave the company a “buy” rating in a research report on Monday, June 3rd. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of €58.09 ($67.54).

Shares of DAI opened at €47.59 ($55.34) on Monday. The company has a debt-to-equity ratio of 228.26, a current ratio of 1.23 and a quick ratio of 0.85. Daimler has a 12-month low of €44.51 ($51.76) and a 12-month high of €60.00 ($69.77). The firm has a 50-day moving average price of €49.70. The stock has a market capitalization of $50.91 billion and a price-to-earnings ratio of 7.20.

Daimler Company Profile

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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Analyst Recommendations for Daimler (ETR:DAI)

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