Is Daimler (ETR:DAI) Worth Your Time and Dime Following a Warburg Research Upgrade?


Daimler (ETR:DAI) Stock Upgrade

Daimler (ETR:DAI) was just upgraded by Warburg Research to a respectable Buy rating in analysts report distributed on 4 December. The firm currently has a EUR 98.00 target price on the shares. This target is 24.48% from DAI’s current share price.

From a total of 17 analysts covering Daimler (ETR:DAI) stock, 13 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 76% of the ratings are positive. The highest target price is €110 while the lowest target price is €70. The mean of all analyst targets is €94.36 with a 20.33% above today’s (€78.42) stock price. Daimler was the topic of 41 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Independent Research upgraded shares on December 1 to “Buy” rating. Bernstein maintained shares with “Market Perform” rating and €70 target share price in a report from an October 23. Equinet upgraded DAI stock in a recent report from November 18 to “Buy” rating. S&P Research upgraded the rating on October 23. S&P Research has a “Buy” rating and a €95 price target on shares. Finally, Societe Generale upgraded the stock to “Buy” rating in a report issued on an October 27.

The stock decreased 5.34% or EUR 4.42 on December 3, striking EUR 78.42. Approximately 9.36 million shares of stock traded hands or 160.72% up from the average. Daimler AG (ETR:DAI) has risen 6.00% since November 4, 2015 and is uptrending. It has outperformed by 6.29% the S&P500.

 Is Daimler (ETR:DAI) Worth Your Time and Dime Following a Warburg Research Upgrade?

Daimler AG is an automotive engineering company. The company has a market cap of 83.90 billion EUR. The Firm is engaged the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. It has 10.88 P/E ratio. Mercedes-Benz Cars sells passenger cars and off-road vehicles under the Mercedes-Benz brand and small cars under the smart brand.