Volkswagen AG (OTCMKTS:VWAGY – Get Rating) was the recipient of a significant growth in short interest in December. As of December 30th, there was short interest totalling 301,500 shares, a growth of 25.7% from the December 15th total of 239,900 shares. Based on an average daily volume of 972,600 shares, the days-to-cover ratio is currently 0.3 days.
Volkswagen Price Performance
OTCMKTS:VWAGY opened at $17.27 on Friday. The firm has a market capitalization of $86.57 billion, a price-to-earnings ratio of 4.84, a PEG ratio of 4.53 and a beta of 1.56. Volkswagen has a 1 year low of $15.20 and a 1 year high of $29.85. The business has a 50 day simple moving average of $17.70 and a 200-day simple moving average of $18.13.
Volkswagen (OTCMKTS:VWAGY – Get Rating) last posted its quarterly earnings data on Friday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter. The business had revenue of $71.27 billion during the quarter. Volkswagen had a return on equity of 9.94% and a net margin of 6.19%. As a group, analysts expect that Volkswagen will post 3.49 earnings per share for the current fiscal year.
Volkswagen Increases Dividend
Analyst Ratings Changes
VWAGY has been the subject of several research analyst reports. Exane BNP Paribas cut Volkswagen from a “neutral” rating to an “underperform” rating in a research report on Thursday, December 8th. BNP Paribas cut Volkswagen from a “neutral” rating to an “underperform” rating in a research report on Thursday, December 8th. Barclays dropped their price target on Volkswagen from €225.00 ($244.57) to €150.00 ($163.04) and set an “overweight” rating for the company in a research note on Wednesday, December 21st. Bank of America raised Volkswagen from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 8th. Finally, The Goldman Sachs Group initiated coverage on Volkswagen in a research note on Tuesday, November 8th. They set a “neutral” rating for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Volkswagen presently has a consensus rating of “Hold” and an average target price of $207.40.
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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