According to Zacks, “VOLKSWAGEN-ADR is the largest automobile manufacturer in Europe. Their activities focus on the automotive market and they offer products and services along the entire automotive value chain. With nine independent brands, they are able to offer a unique range of models from the extremely efficient 3-litre car to the great sporting tradition of Bentley. While each of the brands has a distinct personality, it also benefits from its membership of the Volkswagen Group with its global manufacturing base “
A number of other equities analysts also recently weighed in on the stock. Royal Bank of Canada restated an outperform rating on shares of Volkswagen in a report on Friday, July 30th. DZ Bank upgraded Volkswagen from a hold rating to a buy rating in a research report on Monday, August 2nd. Standpoint Research began coverage on Volkswagen in a research report on Monday, August 9th. They set a buy rating and a $54.00 price objective on the stock. Barclays restated an overweight rating on shares of Volkswagen in a report on Wednesday, August 11th. Finally, JPMorgan Chase & Co. reissued an overweight rating on shares of Volkswagen in a research note on Friday, September 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Volkswagen currently has a consensus rating of Buy and a consensus price target of $46.50.
Volkswagen (OTCMKTS:VWAGY) last issued its earnings results on Thursday, July 29th. The company reported $1.17 earnings per share (EPS) for the quarter. The company had revenue of $81.07 billion for the quarter. Volkswagen had a net margin of 6.85% and a return on equity of 13.35%. As a group, equities analysts expect that Volkswagen will post 3.51 EPS for the current fiscal year.
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.
Further Reading: What is Considered a Good Return on Equity (ROE)?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Volkswagen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Volkswagen and related companies with MarketBeat.com's FREE daily email newsletter.