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Daimler AG (DDAIF) Gains As Market Dips: What You Should Know

Zacks Equity Research
·2-min read

In the latest trading session, Daimler AG (DDAIF) closed at $60.58, marking a +1.25% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.08%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.06%.

Coming into today, shares of the company had gained 15.62% in the past month. In that same time, the Auto-Tires-Trucks sector gained 22.05%, while the S&P 500 gained 8.78%.

Daimler AG will be looking to display strength as it nears its next earnings release.

Investors should also note any recent changes to analyst estimates for Daimler AG. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

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Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.39% higher. Daimler AG is currently a Zacks Rank #2 (Buy).

Valuation is also important, so investors should note that Daimler AG has a Forward P/E ratio of 4.66 right now. This valuation marks a discount compared to its industry's average Forward P/E of 7.24.

Investors should also note that DDAIF has a PEG ratio of 2.28 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Automotive - Foreign stocks are, on average, holding a PEG ratio of 0.74 based on yesterday's closing prices.

The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 94, which puts it in the top 38% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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