Volkswagen (OTCMKTS:VWAGY) Cut to Hold at Kepler Capital Markets

Kepler Capital Markets lowered shares of Volkswagen (OTCMKTS:VWAGY) from a buy rating to a hold rating in a research report released on Monday morning, MarketBeat.com reports.

Several other equities research analysts also recently issued reports on the stock. Citigroup restated a “buy” rating on shares of Volkswagen in a research report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Volkswagen in a research note on Monday, July 27th. Finally, Zacks Research cut Volkswagen from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Volkswagen Price Performance

Shares of VWAGY opened at $8.25 on Monday. The firm has a market capitalization of $41.36 billion, a PE ratio of 6.76, a PEG ratio of 0.37 and a beta of 1.07. The company’s 50-day moving average is $8.82 and its 200-day moving average is $9.63. Volkswagen has a fifty-two week low of $8.07 and a fifty-two week high of $12.83.

Volkswagen (OTCMKTS:VWAGY) last announced its earnings results on Friday, July 24th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.27). Volkswagen had a return on equity of 2.70% and a net margin of 1.68%.The company had revenue of $93.81 billion for the quarter, compared to the consensus estimate of $92.92 billion. Analysts predict that Volkswagen will post 1.79 earnings per share for the current fiscal year.

About Volkswagen

Volkswagen AG is a German automotive company headquartered in Wolfsburg, Germany. Through its Volkswagen Group operations, the company develops, manufactures and sells passenger cars, commercial vehicles, trucks, buses, motorcycles and related mobility products. Its portfolio includes vehicles powered by internal combustion engines, hybrids and batteries, along with digital services and charging solutions.

The group’s major automotive brands include Volkswagen Passenger Cars, Audi, Škoda, SEAT, CUPRA, Porsche, Bentley, Lamborghini, Ducati and Volkswagen Commercial Vehicles.