Brokerages Anticipate Volkswagen AG (VLKAY) to Post $1.11 Earnings Per Share

Shares of Volkswagen AG (NASDAQ:VLKAY) have earned an average broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a sell recommendation and one has given a strong buy recommendation to the company. Volkswagen AG’s rating score has declined by 20% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Analysts have set a 12-month consensus price target of $19.86 for the company and are expecting that the company will post $1.11 earnings per share for the current quarter, according to Zacks. Zacks has also given Volkswagen AG an industry rank of 15 out of 265 based on the ratings given to related companies.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Volkswagen AG from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th. Jefferies Group assumed coverage on shares of Volkswagen AG in a research report on Tuesday, August 9th. They issued an “underperform” rating for the company.

Shares of Volkswagen AG (NASDAQ:VLKAY) opened at 28.77 on Thursday. The firm’s market capitalization is $72.11 billion. The company has a 50-day moving average of $29.02 and a 200 day moving average of $29.27. Volkswagen AG has a 12-month low of $24.50 and a 12-month high of $32.18.

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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