Volkswagen (OTCMKTS:VWAGY) Given Outperform Rating at Royal Bank of Canada

Volkswagen (OTCMKTS:VWAGY)‘s stock had its “outperform” rating restated by equities researchers at Royal Bank of Canada in a research note issued on Thursday, The Fly reports.

A number of other analysts have also recently weighed in on the stock. DZ Bank upgraded shares of Volkswagen from a “hold” rating to a “buy” rating in a research note on Monday, August 2nd. Standpoint Research began coverage on shares of Volkswagen in a research note on Monday, August 9th. They set a “buy” rating and a $54.00 target price for the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Volkswagen in a research note on Friday, September 17th. Barclays reiterated an “overweight” rating on shares of Volkswagen in a research note on Wednesday, August 11th. Finally, Zacks Investment Research cut shares of Volkswagen from a “buy” rating to a “hold” rating in a research note on Friday, October 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $44.50.

Shares of Volkswagen stock traded up $0.70 on Thursday, reaching $31.29. The stock had a trading volume of 249,026 shares, compared to its average volume of 751,350. The business’s 50-day moving average price is $32.89 and its two-hundred day moving average price is $33.63. Volkswagen has a fifty-two week low of $15.40 and a fifty-two week high of $48.72. The stock has a market cap of $156.86 billion, a P/E ratio of 7.58, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59.

Volkswagen (OTCMKTS:VWAGY) last issued its quarterly earnings data on Thursday, July 29th. The company reported $1.17 earnings per share for the quarter. Volkswagen had a net margin of 6.85% and a return on equity of 13.35%. The business had revenue of $81.07 billion during the quarter. On average, sell-side analysts forecast that Volkswagen will post 3.51 earnings per share for the current year.

About Volkswagen

Volkswagen AG engages in the production and sale of passenger cars and light commercial vehicles. The firm also develops vehicles and components for the brands of the group. It operates through following segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars segment covers the development of vehicles and engines; production and sale of passenger cars and light commercial vehicles; and the corresponding genuine parts business.

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