Volkswagen AG (OTCMKTS:VWAGY) Receives Consensus Rating of “Buy” from Brokerages

Shares of Volkswagen AG (OTCMKTS:VWAGY) have received a consensus rating of “Buy” from the nineteen brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eleven have given a buy recommendation to the company.

VWAGY has been the subject of several recent research reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Volkswagen in a research report on Friday, May 7th. HSBC reiterated a “hold” rating on shares of Volkswagen in a research report on Wednesday, April 28th. Barclays restated an “overweight” rating on shares of Volkswagen in a research report on Tuesday, April 20th. Royal Bank of Canada restated an “outperform” rating on shares of Volkswagen in a research report on Friday, May 7th. Finally, Zacks Investment Research cut Volkswagen from a “buy” rating to a “hold” rating in a research report on Thursday, June 17th.

VWAGY stock traded up $1.36 during trading on Friday, reaching $33.71. 455,782 shares of the company traded hands, compared to its average volume of 406,269. Volkswagen has a 12 month low of $15.40 and a 12 month high of $48.72. The company’s 50 day moving average price is $34.24. The company has a market capitalization of $168.99 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 0.80 and a beta of 1.61.

Volkswagen (OTCMKTS:VWAGY) last issued its quarterly earnings results on Thursday, May 6th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.17. The business had revenue of $75.19 billion during the quarter, compared to the consensus estimate of $66.64 billion. Volkswagen had a return on equity of 8.89% and a net margin of 4.91%. On average, research analysts predict that Volkswagen will post 3.37 earnings per share for the current year.

The firm also recently declared an annual dividend, which will be paid on Tuesday, August 10th. Stockholders of record on Monday, July 26th will be paid a $0.38 dividend. This represents a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, July 23rd. This is a positive change from Volkswagen’s previous annual dividend of $0.37. Volkswagen’s dividend payout ratio is 18.18%.

Volkswagen Company Profile

Volkswagen AG engages in the production and sale of passenger cars and light commercial vehicles. The firm also develops vehicles and components for the brands of the group. It operates through following segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars segment covers the development of vehicles and engines; production and sale of passenger cars and light commercial vehicles; and the corresponding genuine parts business.

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Analyst Recommendations for Volkswagen (OTCMKTS:VWAGY)

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