Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) Stock Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Analysts rate Volkswagen a “Moderate Buy” overall: Of six analysts covering the stock, three recommend holding, two recommend buying, and one gives it a strong-buy rating. Kepler downgraded its rating to hold, while Deutsche Bank and Citigroup maintained buy ratings.
• Volkswagen reported a quarterly loss of $1.06 per share, missing the $0.33 consensus estimate; revenue of $83.82 billion also fell short of the $88.08 billion forecast.
• VWAGY opened at $7.56, near its one-year low of $7.38, and below both its 50-day average of $8.27 and 200-day average of $9.75.

Shares of Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six research firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company.

Several research firms have commented on VWAGY. Kepler Capital Markets cut shares of Volkswagen from a "buy" rating to a "hold" rating in a report on Monday, September 21st. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Volkswagen in a research report on Monday, July 27th. Zacks Research upgraded shares of Volkswagen from a "strong sell" rating to a "hold" rating in a research note on Monday, October 5th. Finally, Citigroup reiterated a "buy" rating on shares of Volkswagen in a research note on Tuesday, September 8th.

Volkswagen Stock Performance

Shares of Volkswagen stock opened at $7.56 on Wednesday. Volkswagen has a one year low of $7.38 and a one year high of $12.83. The company has a market cap of $37.90 billion, a PE ratio of 28.00, a P/E/G ratio of 0.34 and a beta of 1.08. The business has a 50-day simple moving average of $8.27 and a 200-day simple moving average of $9.75.

Volkswagen (OTCMKTS:VWAGY - Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported ($1.06) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($1.39). Volkswagen had a net margin of 0.41% and a return on equity of 0.65%. The firm had revenue of $83.82 billion during the quarter, compared to analyst estimates of $88.08 billion. On average, sell-side analysts predict that Volkswagen will post 1.75 earnings per share for the current fiscal year.

Volkswagen Company Profile

Volkswagen AG is a Germany-based automotive company headquartered in Wolfsburg. Founded in 1937, the company has grown from the Volkswagen passenger-car brand into one of the world's largest automotive groups, serving customers across Europe, the Americas, Asia-Pacific, and other international markets.

The company develops, manufactures, and sells passenger cars, sport utility vehicles, performance vehicles, luxury automobiles, motorcycles, commercial vehicles, and related mobility services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.