Volkswagen AG (OTCMKTS:VWAGY) Receives Consensus Recommendation of “Hold” from Analysts

Volkswagen AG (OTCMKTS:VWAGY) has been given an average rating of “Hold” by the seven research firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of research firms have weighed in on VWAGY. UBS Group raised shares of Volkswagen from a “strong sell” rating to a “hold” rating in a report on Monday, March 17th. Morgan Stanley upgraded Volkswagen from an “underweight” rating to an “equal weight” rating in a research note on Friday, April 25th. Sanford C. Bernstein raised Volkswagen to a “hold” rating in a report on Thursday, May 1st. Finally, Citigroup reissued a “buy” rating on shares of Volkswagen in a report on Thursday, April 3rd.

Volkswagen Trading Down 1.1%

Shares of VWAGY stock opened at $10.56 on Tuesday. Volkswagen has a twelve month low of $8.57 and a twelve month high of $13.47. The stock has a market cap of $52.94 billion, a P/E ratio of 4.00, a P/E/G ratio of 1.03 and a beta of 1.30. The stock has a 50 day moving average of $10.78 and a 200 day moving average of $10.35.

Volkswagen (OTCMKTS:VWAGY) last posted its earnings results on Wednesday, April 30th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.04). Volkswagen had a net margin of 3.77% and a return on equity of 6.37%. The firm had revenue of $88.29 billion for the quarter, compared to analysts’ expectations of $86.25 billion. On average, research analysts predict that Volkswagen will post 2.53 earnings per share for the current fiscal year.

Volkswagen Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st were issued a dividend of $0.4419 per share. This represents a yield of 3.79%. The ex-dividend date of this dividend was Tuesday, May 20th. Volkswagen’s payout ratio is 22.61%.

About Volkswagen

Volkswagen AG manufactures and sells automobiles in Germany, other European countries, 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.