FY2018 EPS Estimates for Volkswagen AG (VLKAY) Boosted by Jefferies Group
Volkswagen AG (OTCMKTS:VLKAY) – Equities researchers at Jefferies Group upped their FY2018 earnings estimates for shares of Volkswagen AG in a research note issued on Wednesday. Jefferies Group analyst P. Houchois now expects that the company will post earnings of $5.92 per share for the year, up from their previous estimate of $5.76. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Volkswagen AG’s FY2020 earnings at $6.28 EPS and FY2021 earnings at $6.56 EPS.
Several other analysts have also recently issued reports on VLKAY. ValuEngine cut shares of Volkswagen AG from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Sanford C. Bernstein reissued a “market perform” rating on shares of Volkswagen AG in a research report on Wednesday, September 20th. Zacks Investment Research cut shares of Volkswagen AG from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. Credit Suisse Group started coverage on shares of Volkswagen AG in a research report on Wednesday, October 18th. They set an “outperform” rating on the stock. Finally, Societe Generale raised shares of Volkswagen AG from a “hold” rating to a “buy” rating in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $39.00.
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Shares of Volkswagen AG (VLKAY) traded down $0.45 during mid-day trading on Thursday, reaching $39.65. 98,500 shares of the company’s stock traded hands, compared to its average volume of 156,313. The stock has a market capitalization of $100,509.45, a price-to-earnings ratio of 13.19, a PEG ratio of 0.64 and a beta of 1.70. Volkswagen AG has a one year low of $27.00 and a one year high of $40.30.
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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