Volkswagen (VLKAY) Rating Increased to Outperform at Macquarie

Volkswagen (OTCMKTS:VLKAY) was upgraded by equities researchers at Macquarie from a “neutral” rating to an “outperform” rating in a note issued to investors on Friday.

VLKAY has been the topic of a number of other research reports. Zacks Investment Research upgraded Volkswagen from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Saturday, October 21st. Societe Generale upgraded Volkswagen from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Deutsche Bank upgraded Volkswagen from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Credit Suisse Group initiated coverage on Volkswagen in a research report on Wednesday, October 18th. They issued an “outperform” rating on the stock. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Volkswagen in a research report on Wednesday, September 20th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $45.00.

Volkswagen (OTCMKTS:VLKAY) traded up $0.72 during mid-day trading on Friday, reaching $43.99. The company had a trading volume of 19,887 shares, compared to its average volume of 182,247. Volkswagen has a fifty-two week low of $28.90 and a fifty-two week high of $43.47. The firm has a market capitalization of $106,540.00, a P/E ratio of 13.21, a PEG ratio of 0.63 and a beta of 1.79.

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About Volkswagen

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.

Analyst Recommendations for Volkswagen (OTCMKTS:VLKAY)

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