Volkswagen AG (ETR:VOW3) Receives Average Recommendation of “Buy” from Analysts
Volkswagen AG (ETR:VOW3) has been given an average rating of “Buy” by the twenty-five research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is €182.87 ($212.64).
Several analysts have issued reports on the company. Jefferies Financial Group set a €180.00 ($209.30) price target on Volkswagen and gave the company a “buy” rating in a research note on Tuesday, March 12th. Deutsche Bank set a €210.00 ($244.19) price target on Volkswagen and gave the company a “buy” rating in a research note on Monday, February 18th. DZ Bank restated a “sell” rating on shares of Volkswagen in a report on Monday, February 25th. Sanford C. Bernstein set a €220.00 ($255.81) price objective on Volkswagen and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Credit Suisse Group set a €203.00 ($236.05) price objective on Volkswagen and gave the company a “buy” rating in a report on Monday, May 27th.
VOW3 opened at €142.80 ($166.05) on Friday. Volkswagen has a 1 year low of €131.44 ($152.84) and a 1 year high of €166.08 ($193.12). The stock has a market capitalization of $29.45 billion and a price-to-earnings ratio of 6.22. The company has a debt-to-equity ratio of 164.02, a quick ratio of 0.82 and a current ratio of 1.11.
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, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars segment develops vehicles and engines; and produces and sells passenger cars and related parts.
See Also: Initial Public Offering (IPO)
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