Daimler (DDAIF) Gets a Hold Rating from UBS

UBS analyst Patrick Hummel maintained a Hold rating on Daimler (DDAIF) today and set a price target of $52. The company’s shares opened today at $54.45.

According to TipRanks.com, Hummel is a 1-star analyst with an average return of -2.4% and a 46.2% success rate. Hummel covers the Consumer Goods sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Bayerische Motoren Werke Aktiengesellschaft, and Continental Aktiengesellschaft.

Currently, the analyst consensus on Daimler is a Hold with an average price target of $63.13, which is a 15.9% upside from current levels. In a report issued on June 24, Independent Research also maintained a Hold rating on the stock with a $53 price target.

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Daimler’s market cap is currently $58.9B and has a P/E ratio of 7.21. The company has a Price to Book ratio of 0.79.

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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.

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