Volkswagen (OTCMKTS:VWAGY) Trading Up 1.5% – Time to Buy?

Shares of Volkswagen AG (OTCMKTS:VWAGY) rose 1.5% on Friday . The company traded as high as $10.45 and last traded at $10.37. Approximately 259,632 shares traded hands during trading, an increase of 12% from the average daily volume of 230,822 shares. The stock had previously closed at $10.22.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VWAGY. Dbs Bank raised Volkswagen to a “hold” rating in a research report on Tuesday, October 1st. Royal Bank of Canada cut Volkswagen from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Volkswagen Stock Performance

The stock has a market cap of $51.98 billion, a P/E ratio of 3.93, a P/E/G ratio of 1.03 and a beta of 1.34. The business has a 50 day simple moving average of $9.25 and a 200-day simple moving average of $10.36.

Volkswagen (OTCMKTS:VWAGY) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.27 EPS for the quarter. The business had revenue of $86.25 billion for the quarter. Volkswagen had a return on equity of 6.37% and a net margin of 3.77%. On average, sell-side analysts predict that Volkswagen AG will post 2.53 earnings per share for the current fiscal year.

Volkswagen Company Profile

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.