Volkswagen AG (NASDAQ:VLKAY) has received an average broker rating score of 3.00 (Hold) from the three analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a sell rating and one has issued a strong buy rating on the company. Volkswagen AG’s rating score has declined by 20% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 12 month consensus price objective of $19.86 for the company and are forecasting that the company will post $1.11 earnings per share for the current quarter, according to Zacks. Zacks has also given Volkswagen AG an industry rank of 16 out of 265 based on the ratings given to its competitors.
VLKAY has been the topic of several research analyst reports. Zacks Investment Research cut Volkswagen AG from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 3rd. Jefferies Group started coverage on Volkswagen AG in a report on Tuesday, August 9th. They issued an “underperform” rating on the stock.
Volkswagen AG (NASDAQ:VLKAY) traded down 0.794% during mid-day trading on Thursday, reaching $28.849. The company’s stock had a trading volume of 76,648 shares. Volkswagen AG has a 12 month low of $24.50 and a 12 month high of $32.18. The stock’s 50 day moving average is $29.01 and its 200 day moving average is $29.26. The company’s market cap is $72.31 billion.
About Volkswagen AG
Volkswagen AG is an automobile manufacturer and a carmaker. The Company develops vehicles and components for its brands. It also produces and sells vehicles. The activities of its Passenger Cars segment cover the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business.
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