Volkswagen AG (OTCMKTS:VLKAY) – Jefferies Group increased their FY2018 earnings per share estimates for Volkswagen AG in a research note issued on Wednesday. Jefferies Group analyst P. Houchois now expects that the company will post earnings of $5.92 per share for the year, up from their prior estimate of $5.76. Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Volkswagen AG’s FY2020 earnings at $6.28 EPS and FY2021 earnings at $6.56 EPS.
A number of other brokerages also recently issued reports on VLKAY. Societe Generale raised shares of Volkswagen AG from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Credit Suisse Group assumed coverage on shares of Volkswagen AG in a research report on Wednesday, October 18th. They issued an “outperform” rating for the company. Zacks Investment Research raised shares of Volkswagen AG from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Saturday, October 21st. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Volkswagen AG in a research report on Wednesday, September 20th. Finally, ValuEngine downgraded shares of Volkswagen AG from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.00.
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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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