Daimler Truck (OTCMKTS:DTRUY) Rating Lowered to “Strong Sell” at Zacks Research

Daimler Truck (OTCMKTS:DTRUY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.

DTRUY has been the topic of a number of other reports. Citigroup reaffirmed a “buy” rating on shares of Daimler Truck in a research report on Wednesday. Kepler Capital Markets upgraded Daimler Truck from a “reduce” rating to a “buy” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Daimler Truck in a report on Thursday. Barclays raised Daimler Truck from a “hold” rating to an “overweight” rating in a research note on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Daimler Truck in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Daimler Truck Stock Up 0.0%

Daimler Truck stock opened at $26.07 on Thursday. Daimler Truck has a 12 month low of $19.43 and a 12 month high of $28.73. The stock’s 50 day moving average is $25.16 and its 200-day moving average is $24.83.

Daimler Truck (OTCMKTS:DTRUY) last released its quarterly earnings results on Friday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.39). The company had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.29 billion. Research analysts predict that Daimler Truck will post 1.97 earnings per share for the current fiscal year.

Daimler Truck Company Profile

Daimler Truck AG is a leading global manufacturer of commercial vehicles, specializing in the design, production and distribution of trucks, buses and powertrain components. The company operates through a diversified brand portfolio that includes Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz and Thomas Built Buses. Its product range covers heavy-duty, medium-duty and light-duty trucks, as well as a variety of bus models for urban and intercity transportation.

In addition to vehicle manufacturing, Daimler Truck offers a suite of services aimed at fleet management and uptime optimization.