Shares of Volkswagen AG (OTCMKTS:VWAGY – Get Rating) reached a new 52-week low during trading on Thursday . The company traded as low as $19.08 and last traded at $19.14, with a volume of 265545 shares. The stock had previously closed at $19.84.
A number of analysts have recently commented on VWAGY shares. HSBC upgraded Volkswagen from a “hold” rating to a “buy” rating in a report on Tuesday, May 31st. Societe Generale increased their price target on Volkswagen from €270.00 ($281.25) to €280.00 ($291.67) and gave the company a “buy” rating in a report on Tuesday, May 10th. Sanford C. Bernstein initiated coverage on Volkswagen in a report on Tuesday, May 17th. They issued a “market perform” rating for the company. Berenberg Bank initiated coverage on Volkswagen in a report on Tuesday, May 10th. They issued a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Volkswagen from €210.00 ($218.75) to €230.00 ($239.58) and gave the company a “buy” rating in a report on Wednesday, March 23rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Volkswagen currently has an average rating of “Buy” and an average price target of $188.00.
The stock has a 50-day moving average price of $21.37 and a 200-day moving average price of $25.45. The firm has a market capitalization of $95.80 billion, a PE ratio of 5.45 and a beta of 1.60.
The company also recently announced a dividend, which was paid on Wednesday, June 1st. Shareholders of record on Monday, May 16th were issued a dividend of $0.5526 per share. The ex-dividend date was Friday, May 13th. This represents a dividend yield of 4.52%. Volkswagen’s dividend payout ratio (DPR) is 15.10%.
Volkswagen Company Profile (OTCMKTS:VWAGY)
Volkswagen AG manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates in four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment develops vehicles, engines, and vehicle software; and light commercial vehicles; and produces and sells passenger cars and related parts.
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