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Daimler AG (DDAIF) Surges: Why It Still Has Room to Run?

Zacks Equity Research

One company that should be on your radar is Daimler AG (DDAIF). The stock of this Germany based manufacturer of premium passenger cars and commercial vehicles has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Strong Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For DDAIF’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no estimate moving lower. This trend has helped the consensus estimate to trend higher, going from $7.22 a share a month ago to its current level at $7.98.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, DDAIF has seen some pretty solid trading lately, as the company has moved higher by 10.53% in the past month.

If Daimler can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put DDAIF on your watch list for the future.

Other top-ranked stocks worth considering in this space include Toyota Motor Corporation (TM), Tata Motors Limited (TTM) and Dongfeng Motor Group Company Limited (DNFGY). Among these, Toyota and Tata carry a Zacks Rank #1 (Strong Buy) and Dongfeng carries a Zacks Rank #2 (Buy).

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DAIMLER AG (DDAIF): Free Stock Analysis Report

TOYOTA MOTOR CORP (TM): Free Stock Analysis Report

TATA MTRS LTD (TTM): Free Stock Analysis Report

DONGFENG MTR GRO ADR (DNFGY): Free Stock Analysis Report

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