Sanford C. Bernstein Begins Coverage on Volkswagen (OTCMKTS:VWAGY)

Equities research analysts at Sanford C. Bernstein assumed coverage on shares of Volkswagen (OTCMKTS:VWAGY – Get Rating) in a research note issued to investors on Tuesday, The Fly reports. The firm set a “market perform” rating on the stock.

A number of other equities analysts also recently weighed in on the company. Credit Suisse Group initiated coverage on Volkswagen in a report on Thursday, February 17th. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft upped their target price on Volkswagen from €210.00 ($218.75) to €230.00 ($239.58) and gave the company a “buy” rating in a report on Wednesday, March 23rd. Zacks Investment Research cut Volkswagen from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Societe Generale boosted their price target on Volkswagen from €270.00 ($281.25) to €280.00 ($291.67) and gave the company a “buy” rating in a research note on Tuesday, May 10th. Finally, Berenberg Bank began coverage on Volkswagen in a research note on Tuesday, May 10th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $147.00.

Shares of VWAGY opened at $19.89 on Tuesday. The company has a market capitalization of $99.71 billion, a price-to-earnings ratio of 5.67 and a beta of 1.61. Volkswagen has a fifty-two week low of $19.57 and a fifty-two week high of $38.35. The business’s 50-day moving average is $22.93 and its 200-day moving average is $27.21.

Volkswagen (OTCMKTS:VWAGY – Get Rating) last issued its earnings results on Tuesday, March 15th. The company reported $0.91 earnings per share for the quarter. The company 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%. On average, equities analysts predict that Volkswagen will post 3.49 earnings per share for the current year.

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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