Volkswagen AG (OTCMKTS:VWAGY) Given Average Recommendation of “Hold” by Brokerages

Shares of Volkswagen AG (OTCMKTS:VWAGY) have received a consensus recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company.

Several brokerages have issued reports on VWAGY. Citigroup reissued a “buy” rating on shares of Volkswagen in a research note on Thursday, April 3rd. UBS Group raised shares of Volkswagen from a “strong sell” rating to a “hold” rating in a research note on Monday, March 17th. Sanford C. Bernstein raised shares of Volkswagen to a “hold” rating in a research note on Thursday, May 1st. Finally, Morgan Stanley raised shares of Volkswagen from an “underweight” rating to an “equal weight” rating in a research note on Friday, April 25th.

Volkswagen Stock Down 0.4%

Shares of OTCMKTS:VWAGY opened at $11.70 on Friday. The company’s fifty day moving average is $10.89 and its two-hundred day moving average is $10.16. Volkswagen has a 12-month low of $8.57 and a 12-month high of $15.41. The company has a market cap of $58.65 billion, a P/E ratio of 4.43, a price-to-earnings-growth ratio of 1.03 and a beta of 1.30.

Volkswagen (OTCMKTS:VWAGY) last announced its earnings results on Wednesday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.04). Volkswagen had a net margin of 3.77% and a return on equity of 6.37%. The firm had revenue of $88.29 billion for the quarter, compared to analyst estimates of $86.25 billion. Equities research analysts anticipate that Volkswagen will post 2.53 earnings per share for the current year.

Volkswagen Company Profile

Volkswagen AG manufactures and sells automobiles in Germany, other European countries, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services.