Volkswagen (OTCMKTS:VWAGY) Downgraded by Kepler Capital Markets to Hold

Kepler Capital Markets lowered shares of Volkswagen (OTCMKTS:VWAGY) from a buy rating to a hold rating in a research note released on Monday morning, Marketbeat reports.

Several other equities research analysts also recently commented on the company. Citigroup restated a “buy” rating on shares of Volkswagen in a report on Tuesday, September 8th. Zacks Research cut Volkswagen from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Volkswagen in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Volkswagen Stock Down 3.2%

OTCMKTS:VWAGY opened at $8.60 on Monday. The company has a fifty day moving average of $8.82 and a 200-day moving average of $9.67. The firm has a market capitalization of $43.11 billion, a P/E ratio of 7.05, a P/E/G ratio of 0.39 and a beta of 1.07. Volkswagen has a twelve month low of $8.07 and a twelve month high of $12.83.

Volkswagen (OTCMKTS:VWAGY) last released its earnings results on Friday, July 24th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). The company had revenue of $93.81 billion for the quarter, compared to analyst estimates of $92.92 billion. Volkswagen had a net margin of 1.68% and a return on equity of 2.70%. On average, analysts anticipate that Volkswagen will post 1.79 EPS for the current fiscal year.

More Volkswagen News

Here are the key news stories impacting Volkswagen this week:

• Positive Sentiment: Despite the recent deterioration, analysts tracked in one report still assign Volkswagen an average “Moderate Buy” rating, suggesting some investors view the depressed valuation as an opportunity. Volkswagen Given Average Rating of Moderate Buy
• Neutral Sentiment: Volkswagen’s works council is calling for management and policymakers to support the German auto industry through investment, tariff relief, lower electricity costs and partial-retirement measures. The demands highlight growing labor and policy pressure but could support restructuring if addressed. VW Works Council Calls for Action
• Negative Sentiment: Volkswagen cut its annual operating return-on-sales outlook, citing a difficult market environment and a roughly €6 billion goodwill impairment tied to Porsche. Reports describe the broader Porsche-related hit as approaching €10 billion, making the luxury brand a major drag on Volkswagen’s earnings and restructuring plans. Volkswagen and Porsche Shares Extend Losses
• Negative Sentiment: Volkswagen was removed from the Euro Stoxx 50 and replaced by Nokia. The change may reduce demand from funds tracking the blue-chip index and reinforces concerns about the company’s weakening market standing. Volkswagen Exits Blue-Chip Index
• Negative Sentiment: Kepler Cheuvreux downgraded Volkswagen from “Buy” to “Hold,” adding to the negative analyst sentiment surrounding the profit outlook. Kepler Cheuvreux Downgrades Volkswagen
• Negative Sentiment: Volkswagen is recalling more than 208,000 SUVs because a steering-rack bolt could break and cause loss of steering control, creating additional safety, repair and reputational risks. Volkswagen Recalls SUVs

About Volkswagen

Volkswagen AG is a German automotive company headquartered in Wolfsburg, Germany. Through its Volkswagen Group operations, the company develops, manufactures and sells passenger cars, commercial vehicles, trucks, buses, motorcycles and related mobility products. Its portfolio includes vehicles powered by internal combustion engines, hybrids and batteries, along with digital services and charging solutions.

The group’s major automotive brands include Volkswagen Passenger Cars, Audi, Škoda, SEAT, CUPRA, Porsche, Bentley, Lamborghini, Ducati and Volkswagen Commercial Vehicles.