Zacks: Volkswagen AG (VLKAY) Given Consensus Rating of “Hold” by Analysts
Volkswagen AG (NASDAQ:VLKAY) has received an average broker rating score of 3.00 (Hold) from the three brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a sell rating and one has assigned a strong buy rating to the company. Volkswagen AG’s rating score has declined by 20% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokerages have set a twelve-month consensus price target of $19.86 for the company and are anticipating that the company will post $1.11 EPS for the current quarter, according to Zacks. Zacks has also assigned Volkswagen AG an industry rank of 15 out of 265 based on the ratings given to related companies.
A number of research analysts have recently issued reports on VLKAY shares. Zacks Investment Research downgraded shares of Volkswagen AG from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 3rd. Jefferies Group started coverage on shares of Volkswagen AG in a research report on Tuesday, August 9th. They set an “underperform” rating on the stock.
Shares of Volkswagen AG (NASDAQ:VLKAY) opened at 29.01 on Thursday. The stock has a 50 day moving average of $29.02 and a 200-day moving average of $29.26. Volkswagen AG has a 52 week low of $24.50 and a 52 week high of $32.18. The stock’s market capitalization is $72.71 billion.
About Volkswagen AG
Volkswagen AG is an automobile manufacturer and a carmaker. The Company develops vehicles and components for its brands. It also produces and sells vehicles. The activities of its 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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