Volkswagen AG (OTCMKTS:VWAGY) Given Average Recommendation of “Moderate Buy” by Brokerages

Volkswagen AG (OTCMKTS:VWAGYGet Rating) has received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $198.50.

VWAGY has been the subject of a number of research analyst reports. Societe Generale lifted their target price on Volkswagen from €270.00 ($275.51) to €280.00 ($285.71) and gave the company a “buy” rating in a research report on Tuesday, May 10th. Berenberg Bank assumed coverage on Volkswagen in a research report on Tuesday, May 10th. They issued a “hold” rating for the company. Sanford C. Bernstein assumed coverage on Volkswagen in a research report on Tuesday, May 17th. They set a “market perform” rating on the stock. HSBC upgraded Volkswagen from a “hold” rating to a “buy” rating in a research note on Tuesday, May 31st. Finally, UBS Group dropped their price target on Volkswagen from €280.00 ($285.71) to €230.00 ($234.69) and set a “buy” rating on the stock in a research note on Thursday, July 7th.

Volkswagen Stock Performance

Shares of Volkswagen stock opened at $18.47 on Wednesday. The stock has a 50 day moving average price of $19.74 and a 200-day moving average price of $23.26. Volkswagen has a one year low of $16.80 and a one year high of $36.74. The stock has a market cap of $92.59 billion, a price-to-earnings ratio of 5.26 and a beta of 1.65.

Volkswagen Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, June 1st. Stockholders of record on Monday, May 16th were given a dividend of $0.5526 per share. The ex-dividend date was Friday, May 13th. This represents a dividend yield of 4.52%. Volkswagen’s dividend payout ratio is currently 15.10%.

Volkswagen Company Profile

(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.

Further Reading

Analyst Recommendations for Volkswagen (OTCMKTS:VWAGY)

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