Volkswagen AG (OTCMKTS:VWAGY – Get Rating) – Equities researchers at Jefferies Financial Group upped their FY2022 earnings per share estimates for Volkswagen in a note issued to investors on Monday, April 11th. Jefferies Financial Group analyst P. Houchois now expects that the company will post earnings per share of $3.20 for the year, up from their prior forecast of $2.92. Jefferies Financial Group also issued estimates for Volkswagen’s FY2023 earnings at $3.58 EPS.
Several other brokerages have also recently commented on VWAGY. Deutsche Bank Aktiengesellschaft increased their target price on shares of Volkswagen from €210.00 ($228.26) to €230.00 ($250.00) and gave the stock a “buy” rating in a report on Wednesday, March 23rd. Zacks Investment Research upgraded shares of Volkswagen from a “sell” rating to a “hold” rating in a research note on Thursday, February 3rd. Finally, Credit Suisse Group assumed coverage on shares of Volkswagen in a research note on Thursday, February 17th. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $106.33.
Volkswagen (OTCMKTS:VWAGY – Get Rating) last released its quarterly earnings data on Tuesday, March 15th. The company reported $0.91 earnings per share for the quarter. The business had revenue of $72.74 billion for the quarter. Volkswagen had a return on equity of 10.48% and a net margin of 5.93%.
About Volkswagen (Get Rating)
Volkswagen AG manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates in four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment develops vehicles, engines, and vehicle software; and light commercial vehicles; and produces and sells passenger cars and related parts.
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