Volkswagen (OTCMKTS:VWAGY) Upgraded to Hold by Dbs Bank
Dbs Bank has upgraded Volkswagen (OTCMKTS:VWAGY) to a "hold" rating, as reported on Tuesday. This follows a separate upgrade by Barclays to a "strong-buy" rating. Currently, two analysts rate the stock as a sell, four as hold, and one as strong buy, resulting in an average rating of "Hold". Volkswagen's stock opened at $0.55, with a market cap of $89 billion and a P/E ratio of 3.53. The company reported earnings of $0.67 EPS for the last quarter and forecasts $3.06 EPS for the current year.
Volkswagen (OTCMKTS:VWAGY - Get Free Report) was upgraded by equities research analysts at Dbs Bank to a "hold" rating in a note issued to investors on Tuesday, Zacks.com reports.
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Separately, Barclays upgraded Volkswagen to a "strong-buy" rating in a research report on Monday, September 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".
View Our Latest Stock Report on VWAGY
Volkswagen Stock Performance
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Shares of VWAGY opened at $10.55 on Tuesday. The business's 50-day moving average is $11.13 and its two-hundred day moving average is $12.97. The company has a market capitalization of $52.89 billion, a P/E ratio of 3.53, a P/E/G ratio of 1.04 and a beta of 1.41. Volkswagen has a fifty-two week low of $10.22 and a fifty-two week high of $16.48.
Volkswagen (OTCMKTS:VWAGY - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.67 EPS for the quarter. Volkswagen had a return on equity of 7.79% and a net margin of 4.60%. The firm had revenue of $89.71 billion for the quarter. Analysts forecast that Volkswagen will post 3.06 EPS for the current year.
About Volkswagen
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Volkswagen AG manufactures and sells automobiles in Germany, Europe, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment engages in the development of vehicles, engines, and vehicle software; produces and sells passenger cars and light commercial vehicles, and related parts; and offers motorcycles.
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