Zacks: Volkswagen AG (VLKAY) Given $27.00 Average Target Price by Analysts

Shares of Volkswagen AG (OTCMKTS:VLKAY) have been assigned an average broker rating score of 2.67 (Hold) from the three analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company. Volkswagen AG’s rating score has improved by 23.7% in the last three months as a result of a number of analysts’ ratings changes.

Brokers have set a twelve-month consensus target price of $27.00 for the company, according to Zacks. Zacks has also assigned Volkswagen AG an industry rank of 108 out of 265 based on the ratings given to related companies.

Several equities research analysts recently weighed in on VLKAY shares. Credit Suisse Group AG started coverage on shares of Volkswagen AG in a research report on Wednesday, October 18th. They set an “outperform” rating for the company. ValuEngine cut shares of Volkswagen AG from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research raised shares of Volkswagen AG from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Saturday, September 23rd. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Volkswagen AG in a research report on Wednesday, September 20th. Finally, Jefferies Group LLC cut shares of Volkswagen AG from a “buy” rating to a “hold” rating in a research report on Monday, August 7th.

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Volkswagen AG (OTCMKTS:VLKAY) traded up $0.21 during mid-day trading on Thursday, hitting $37.26. 93,903 shares of the company traded hands, compared to its average volume of 165,827. Volkswagen AG has a fifty-two week low of $27.00 and a fifty-two week high of $39.25. The firm has a market capitalization of $92,710.00, a P/E ratio of 12.19, a PEG ratio of 0.59 and a beta of 1.74.

About Volkswagen AG

Volkswagen AG is engaged in developing vehicles and components for its brands. It also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. The 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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Analyst Recommendations for Volkswagen AG (OTCMKTS:VLKAY)

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