Volkswagen (OTCMKTS:VWAGY) Hits New 1-Year High – Time to Buy?

by · The Cerbat Gem

Shares of Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY – Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $12.77 and last traded at $12.7450, with a volume of 38517 shares. The stock had previously closed at $12.52.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VWAGY shares. Zacks Research cut shares of Volkswagen from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. The Goldman Sachs Group began coverage on shares of Volkswagen in a research note on Sunday, November 23rd. They set a “neutral” rating on the stock. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Check Out Our Latest Research Report on VWAGY

Volkswagen Trading Up 2.1%

The firm has a market capitalization of $64.09 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 2.02 and a beta of 1.18. The firm has a 50 day moving average price of $11.13 and a two-hundred day moving average price of $11.16.

Volkswagen (OTCMKTS:VWAGY – Get Free Report) last posted its earnings results on Thursday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.12). Volkswagen had a return on equity of 3.26% and a net margin of 1.99%.The business had revenue of $93.67 billion for the quarter, compared to analyst estimates of $78.07 billion. As a group, research analysts forecast that Volkswagen AG Unsponsored ADR will post 2.53 earnings per share for the current year.

Volkswagen Company Profile

(Get Free Report)

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.

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