Zacks: Volkswagen AG (VLKAY) Given Consensus Recommendation of “Sell” by Analysts

Volkswagen AG (NASDAQ:VLKAY) has been given a consensus broker rating score of 3.50 (Sell) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a sell rating and one has given a hold rating to the company. Volkswagen AG’s rating score has declined by 40% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Analysts have set a 12-month consensus price target of $27.00 for the company, according to Zacks. Zacks has also given Volkswagen AG an industry rank of 11 out of 265 based on the ratings given to related companies.

VLKAY has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Volkswagen AG from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, May 30th. Jefferies Group LLC downgraded shares of Volkswagen AG from a “buy” rating to a “hold” rating in a research note on Monday, August 7th.

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Shares of Volkswagen AG (NASDAQ:VLKAY) traded down 0.47% during trading on Friday, hitting $33.88. 201,637 shares of the company’s stock were exchanged. Volkswagen AG has a 1-year low of $27.00 and a 1-year high of $34.12. The stock’s 50-day moving average price is $31.59 and its 200-day moving average price is $31.38. The stock has a market cap of $84.92 billion and a PE ratio of 8.70.

Volkswagen AG Company Profile

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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