Bank of America Upgrades Volkswagen (VLKAY) to “Buy”

Volkswagen (OTCMKTS:VLKAY) was upgraded by equities researchers at Bank of America from an “underperform” rating to a “buy” rating in a research note issued on Monday.

Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Volkswagen from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Saturday, October 21st. Deutsche Bank upgraded shares of Volkswagen from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Societe Generale upgraded shares of Volkswagen from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Macquarie upgraded shares of Volkswagen from a “neutral” rating to an “outperform” rating in a research note on Friday, January 12th. Finally, Credit Suisse Group started coverage on shares of Volkswagen in a research note on Wednesday, October 18th. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $51.00.

Volkswagen (VLKAY) traded up $0.22 during trading hours on Monday, reaching $45.86. 20,924 shares of the company’s stock were exchanged, compared to its average volume of 183,978. The company has a market cap of $113,980.00, a price-to-earnings ratio of 13.33, a P/E/G ratio of 0.65 and a beta of 1.79. Volkswagen has a 1-year low of $28.90 and a 1-year high of $46.53.

Volkswagen (OTCMKTS:VLKAY) last released its quarterly earnings data on Friday, October 27th. The company reported $0.50 earnings per share for the quarter. Volkswagen had a net margin of 3.02% and a return on equity of 6.83%. analysts predict that Volkswagen will post 4.85 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This article was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/01/29/bank-of-america-upgrades-volkswagen-vlkay-to-buy.html.

Volkswagen 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.

Analyst Recommendations for Volkswagen (OTCMKTS:VLKAY)

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.

Leave a Reply