Volkswagen AG (VLKAY) Receives Average Recommendation of “Buy” from Brokerages
Shares of Volkswagen AG (OTCMKTS:VLKAY) have earned an average recommendation of “Buy” from the seven analysts that are currently covering the firm. One research analyst has rated the stock with a sell recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $36.00.
Several equities analysts recently weighed in on the company. Jefferies Group LLC upgraded Volkswagen AG from an “underperform” rating to a “buy” rating in a research report on Wednesday, April 19th. HSBC Holdings plc upgraded Volkswagen AG from a “hold” rating to a “buy” rating in a research report on Wednesday, February 22nd. Finally, Zacks Investment Research upgraded Volkswagen AG from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 26th.
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Volkswagen AG (OTCMKTS:VLKAY) traded up 0.99% on Tuesday, hitting $32.79. The stock had a trading volume of 32,499 shares. The stock has a market cap of $82.19 billion, a price-to-earnings ratio of 12.19 and a beta of 1.49. The stock’s 50 day moving average is $30.88 and its 200 day moving average is $30.20. Volkswagen AG has a one year low of $25.90 and a one year high of $33.75.
Volkswagen AG Company Profile
Volkswagen AG is engaged in developing vehicles and components for its brands. It also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. The Passenger Cars segment cover the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business.
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