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RBC Capital Thinks Mercedes-Benz Group’s Stock is Going to Recover

In a report released today, Tom Narayan from RBC Capital maintained a Buy rating on Mercedes-Benz Group (DDAIFResearch Report), with a price target of EUR89.00. The company’s shares closed last Wednesday at $67.55, close to its 52-week low of $60.79.

According to TipRanks.com, Narayan is a 4-star analyst with an average return of 8.2% and a 36.0% success rate. Narayan covers the Consumer Goods sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Bayerische Motoren Werke Aktiengesellschaft, and Stellantis.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mercedes-Benz Group with a $92.61 average price target, a 38.4% upside from current levels. In a report released today, DZ BANK AG also maintained a Buy rating on the stock.

See today’s best-performing stocks on TipRanks >>

Based on Mercedes-Benz Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $35.24 billion and net profit of $12.65 billion. In comparison, last year the company earned revenue of $36.68 billion and had a net profit of $3.49 billion.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DDAIF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The Mercedes-Benz Cars segment sells passenger cars and off-road vehicles under the Mercedes-Benz brand and small cars under the smart brand. The Daimler Trucks distributes its trucks under the brand names Mercedes-Benz, Freightliner, FUSO, Western Star, and BharatBenz. The Mercedes-Benz Vans segment manufactures commercial vans such as Sprinter large van, the Vito mid-size van, and the Mecedez-Benz Citan urban delivery van. The Daimler Buses segment trades city and intercity buses, coaches, and bus chassis under the Mercedes-Benz and Setra brands. The Daimler Financial Services segment consists of tailored financing and leasing packages for customers and dealers. It also provides services such as insurance, fleet management, investment products, and credit cards. The company was founded by Gottlieb Daimler and Carl Benz in 1926 and is headquartered in Stuttgart, Germany.

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