Zacks Research Upgrades Daimler Truck (OTCMKTS:DTRUY) to “Strong-Buy”

Daimler Truck (OTCMKTS:DTRUY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday, Zacks reports.

A number of other equities analysts have also weighed in on DTRUY. Citigroup reiterated a “buy” rating on shares of Daimler Truck in a research report on Wednesday, August 12th. Kepler Capital Markets upgraded Daimler Truck from a “reduce” rating to a “buy” rating in a report on Tuesday, July 21st. Morgan Stanley lowered shares of Daimler Truck from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 4th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Daimler Truck in a report on Thursday, August 13th. Finally, Barclays raised shares of Daimler Truck from a “hold” rating to an “overweight” rating in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Daimler Truck Price Performance

Shares of DTRUY opened at $22.58 on Thursday. The firm has a market cap of $34.57 billion, a price-to-earnings ratio of 45.16 and a beta of 0.06. The stock has a 50 day moving average of $24.41 and a 200-day moving average of $24.73. The company has a current ratio of 1.70, a quick ratio of 1.33 and a debt-to-equity ratio of 0.82. Daimler Truck has a 52 week low of $19.43 and a 52 week high of $28.73.

Daimler Truck (OTCMKTS:DTRUY) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.39). Daimler Truck had a return on equity of 4.79% and a net margin of 5.87%. The company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.29 billion. As a group, analysts forecast that Daimler Truck will post 2.00 EPS for the current year.

Daimler Truck Company Profile

Daimler Truck Holding AG is a global commercial vehicle manufacturer headquartered in Leinfelden-Echterdingen, Germany. The company develops, manufactures and sells medium- and heavy-duty trucks, buses and coaches, along with related parts, maintenance, leasing and financing services.

Its portfolio includes Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz, Thomas Built Buses and Setra. Daimler Truck also develops electric and other alternative-drive commercial vehicles, digital fleet-management solutions and charging-related services to support the transition toward lower-emission transportation.

The company serves customers across Europe, North America, Latin America and Asia, with manufacturing, sales and service operations in multiple international markets.