Daimler Truck (OTCMKTS:DTRUY) Stock Rating Upgraded by Zacks Research

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

A number of other research firms have also issued reports on DTRUY. Morgan Stanley lowered shares of Daimler Truck from an “overweight” rating to an “equal weight” rating in a report on Friday, September 4th. Barclays upgraded shares of Daimler Truck from a “hold” rating to an “overweight” rating in a report on Tuesday, July 7th. Royal Bank Of Canada reissued an “outperform” rating on shares of Daimler Truck in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Daimler Truck in a research note on Thursday, July 23rd. Finally, Citigroup restated a “buy” rating on shares of Daimler Truck in a research report on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Daimler Truck Stock Performance

Shares of DTRUY opened at $22.58 on Thursday. The stock has a market capitalization of $34.57 billion, a P/E ratio of 45.16 and a beta of 0.06. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.33 and a current ratio of 1.70. Daimler Truck has a 1 year low of $19.43 and a 1 year high of $28.73. The company’s fifty day moving average is $24.41 and its two-hundred day moving average is $24.73.

Daimler Truck (OTCMKTS:DTRUY) last released its earnings results on Friday, August 7th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.39). The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.29 billion. Daimler Truck had a net margin of 5.87% and a return on equity of 4.79%. On average, sell-side analysts predict that Daimler Truck will post 2.00 earnings per share 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.