Volkswagen (OTCMKTS:VLKAY) was upgraded by equities research analysts at Macquarie from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Friday.
Other equities research analysts have also issued reports about the company. Zacks Investment Research upgraded Volkswagen from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Saturday, October 21st. Deutsche Bank upgraded Volkswagen from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Societe Generale upgraded Volkswagen from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Sanford C. Bernstein restated a “market perform” rating on shares of Volkswagen in a research report on Wednesday, September 20th. Finally, Credit Suisse Group initiated coverage on Volkswagen in a research report on Wednesday, October 18th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Volkswagen has a consensus rating of “Buy” and a consensus price target of $45.00.
Volkswagen (VLKAY) traded up $0.72 during midday trading on Friday, hitting $43.99. The company had a trading volume of 19,887 shares, compared to its average volume of 182,247. Volkswagen has a one year low of $28.90 and a one year high of $43.47. The company has a market capitalization of $106,540.00, a price-to-earnings ratio of 13.21, a PEG ratio of 0.63 and a beta of 1.79.
COPYRIGHT VIOLATION WARNING: This piece was published by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/12/volkswagen-vlkay-upgraded-at-macquarie.html.
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.
Receive News & Ratings for Volkswagen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Volkswagen and related companies with MarketBeat.com's FREE daily email newsletter.