FY2017 Earnings Estimate for Volkswagen AG Issued By Jefferies Group (VLKAY)

Volkswagen AG (OTCMKTS:VLKAY) – Analysts at Jefferies Group decreased their FY2017 earnings per share (EPS) estimates for Volkswagen in a research note issued on Wednesday, according to Zacks Investment Research. Jefferies Group analyst P. Houchois now forecasts that the company will earn $5.11 per share for the year, down from their prior estimate of $5.82. Jefferies Group also issued estimates for Volkswagen’s FY2019 earnings at $6.06 EPS.

VLKAY has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Volkswagen from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Societe Generale upgraded shares of Volkswagen from a “hold” rating to a “buy” rating in a research note on Monday, October 30th. Credit Suisse Group assumed coverage on shares of Volkswagen in a research note on Wednesday, October 18th. They set an “outperform” rating on the stock. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Volkswagen in a research note on Wednesday, September 20th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Volkswagen currently has a consensus rating of “Buy” and a consensus price target of $39.00.

Volkswagen (VLKAY) traded down $0.15 during midday trading on Monday, reaching $40.05. 222,855 shares of the company’s stock were exchanged, compared to its average volume of 124,200. Volkswagen has a 12-month low of $28.36 and a 12-month high of $41.80. The company has a market cap of $101,461.91, a P/E ratio of 13.32, a price-to-earnings-growth ratio of 0.66 and a beta of 1.73.

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About Volkswagen

Volkswagen AG is engaged in developing vehicles and components for its brands. It also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. The Passenger Cars segment cover the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business.

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