Brokerages Set Volkswagen AG (OTCMKTS:VWAGY) Target Price at $188.00

Shares of Volkswagen AG (OTCMKTS:VWAGYGet Rating) have been given an average recommendation of “Hold” by the fifteen analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $188.00.

A number of analysts recently commented on VWAGY shares. Zacks Investment Research downgraded shares of Volkswagen from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Societe Generale boosted their target price on shares of Volkswagen from €270.00 ($281.25) to €280.00 ($291.67) and gave the stock a “buy” rating in a report on Tuesday, May 10th. Berenberg Bank started coverage on shares of Volkswagen in a report on Tuesday, May 10th. They issued a “hold” rating on the stock. Sanford C. Bernstein started coverage on shares of Volkswagen in a report on Tuesday. They issued a “market perform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Volkswagen from €210.00 ($218.75) to €230.00 ($239.58) and gave the stock a “buy” rating in a report on Wednesday, March 23rd.

Shares of OTCMKTS:VWAGY traded down $0.12 during trading on Friday, reaching $19.58. The company had a trading volume of 236,494 shares, compared to its average volume of 405,431. The firm’s fifty day moving average is $22.71 and its 200 day moving average is $26.91. The firm has a market capitalization of $98.15 billion, a PE ratio of 5.58 and a beta of 1.61. Volkswagen has a twelve month low of $19.23 and a twelve month high of $38.35.

Volkswagen (OTCMKTS:VWAGYGet Rating) last released its earnings results on Tuesday, March 15th. The company reported $0.91 EPS for the quarter. Volkswagen had a net margin of 5.93% and a return on equity of 10.48%. The business had revenue of $72.74 billion for the quarter. On average, research analysts forecast that Volkswagen will post 3.49 EPS for the current year.

The company also recently declared a dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Monday, May 16th will be issued a dividend of $0.5526 per share. The ex-dividend date is Friday, May 13th. This represents a dividend yield of 4.52%. Volkswagen’s dividend payout ratio is currently 15.10%.

Volkswagen Company Profile (Get Rating)

Volkswagen AG manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates in four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment develops vehicles, engines, and vehicle software; and light commercial vehicles; and produces and sells passenger cars and related parts.

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Analyst Recommendations for Volkswagen (OTCMKTS:VWAGY)

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