November 23, 2016 - By Ellis Scott
Goldman gave Volkswagen AG (OTCMKTS:VLKAY) shares a new Buy rating in a analysts note sent to investors on 23 November. This is increase from the last Sell rating.
Out of 7 analysts covering Volkswagen AG (OTCMKTS:VLKAY), 3 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 43% are positive. Volkswagen AG has been the topic of 9 analyst reports since September 10, 2015 according to StockzIntelligence Inc. BNP Paribas downgraded the shares of VLKAY in a report on Thursday, September 10 to “Neutral” rating. On Monday, November 21 the stock rating was upgraded by HSBC to “Buy”. On Tuesday, January 5 the stock rating was upgraded by Kepler Cheuvreux to “Buy”. BNP Paribas upgraded Volkswagen AG (ADR) (OTCMKTS:VLKAY) on Wednesday, January 6 to “Outperform” rating. On Wednesday, September 23 the stock rating was downgraded by JP Morgan to “Neutral”. The rating was initiated by Berenberg with “Sell” on Tuesday, November 22. On Monday, September 21 the stock rating was downgraded by Kepler Cheuvreux to “Hold”. The company was initiated on Tuesday, August 9 by Jefferies. The stock of Volkswagen AG (ADR) (OTCMKTS:VLKAY) has “Neutral” rating given on Wednesday, September 23 by Natixis.
About 40,176 shares traded hands. Volkswagen AG (ADR) (OTCMKTS:VLKAY) has declined 11.08% since April 21, 2016 and is downtrending. It has underperformed by 16.40% the S&P500.
Volkswagen AG is an automobile manufacturer and a carmaker. The company has a market cap of $67.32 billion. The Firm develops vehicles and components for its brands. It has a 198.41 P/E ratio. It also produces and sells vehicles.
According to Zacks Investment Research, “VOLKSWAGEN-ADR is the largest automobile manufacturer in Europe. Their activities focus on the automotive market and they offer products and services along the entire automotive value chain. With nine independent brands, they are able to offer a unique range of models from the extremely efficient 3-litre car to the great sporting tradition of Bentley. While each of the brands has a distinct personality, it also benefits from its membership of the Volkswagen Group with its global manufacturing base”
Volkswagen AG is an automobile maker and a carmaker. The Firm develops vehicles and components for its brands. The Firm also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. The Firm operates through four divisions: Passenger Cars, Commercial Vehicles, Power Engineering and Financial Services. The activities of the Passenger Cars segment cover the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business. The Commercial Vehicles segment primarily comprises the development, production and sale of light commercial vehicles, trucks and buses, the corresponding genuine parts business and related services. The activities of the Power Engineering segment consist of the development and production of large-bore diesel engines, turbo compressors, industrial turbines and chemical reactor systems, as well as the production of gear units, propulsion components and testing systems. The activities of the Financial Services segment comprise dealer and customer financing, leasing, banking and insurance activities, fleet management and mobility services.
More important recent Volkswagen AG (ADR) (OTCMKTS:VLKAY) news were published by: Profitconfidential.com which released: “VW Stock: This Could Send Volkswagen AG (ADR) Soaring” on December 10, 2015, also Profitconfidential.com published article titled: “VW Stock: Has Volkswagen AG (ADR) Finally Bottomed?”, Profitconfidential.com published: “VLKAY Stock: Is the Worst Over for Volkswagen AG (ADR)?” on December 02, 2015. More interesting news about Volkswagen AG (ADR) (OTCMKTS:VLKAY) was released by: Profitconfidential.com and their article: “VLKAY Stock: This Could Send Volkswagen AG (ADR) Skyrocketing” with publication date: November 16, 2015.
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By Ellis Scott