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VLKAY

Volkswagen

$0.00

(0.00%)

06:26
11/06/18
11/06
06:26
11/06/18
06:26

Volkswagen sees VW brand operating return on sales at lower end of range

In the first three quarters of the current fiscal year 2018, the Volkswagen Passenger Cars brand continued to develop well in a challenging market environment. Following the first nine months of the year, the deliveries and sales revenue of the Volkswagen Group's lead brand remain above the prior-year level. With 4.6 million vehicles handed over to customers, these were the most successful first nine months that the brand has ever experienced. Driven by higher sales and an improved product mix, the Volkswagen brand was able to boost sales revenue by 7.3 percent to EURO$62.5 billion. At EURO$2.3 billion, the operating profit before special items was slightly below the prior-year level as a result of factors including the expected impact of the WLTP changeover and higher distribution expenses in connection with the environmental incentive. Operating return on sales was 3.7 percent, compared with the figure of 4.3 percent for the prior-year period. The diesel issue gave rise to special items of EURO$-1.6 billion. For the year as a whole, the Volkswagen brand expects positive cash flow from operations before special effects. The brand also confirms its return target and continues to expect an operating return before special effects of 4 to 5 percent for the current fiscal year. However, in view of the negative impact of the WLTP changeover, higher distribution expenses and investments made in new products - especially for the implementation of the electric offensive, the operating return will probably be at the lower end of the corridor stated.

VLKAY Volkswagen
$0.00

(0.00%)

09/19/18
VERF
09/19/18
NO CHANGE
VERF
Sell
E-tron may not be 'Tesla killer,' but still a 'real risk,' says Vertical Group
After attending Audi's (AUDVF) launch event for its e-tron SUV, Vertical Group analyst Gordon Johnson said he sees Audi's foray in the EV space as "a real risk" to Tesla (TSLA) and other EV auto makers including Chevy (GM) and Ford (F). The Electrify America charging network, owned by a JV of Audi parent Volkswagen (VLKAY) and funded by "Dieselgate," positions Audi's fast-charging ambitions among the most robust, if not the most robust, in the U.S. currently, added Johnson. He does not see Audi's forthcoming e-tron as a "TSLA Killer," but does not "see it a stretch to think of it as a potential TSLA Model X killer," he concludes in his note to investors. Johnson keeps a Sell rating on Tesla shares.
06/15/18
JEFF
06/15/18
NO CHANGE
Target $53
JEFF
Buy
As VW appointment drives Navistar speculation, Jefferies sees eventual buyout
Noting that Navistar (NAV) shares are rising amid broader market weakness today following a Reuters report that Volkswagen (VLKAY) has appointed a new CFO noted to be an M&A expert, Jefferies analyst Stephen Volkmann said he continues to believe Volkswagen will pursue full ownership of Navistar, although he calls the timing of such an event "highly uncertain." He maintains a Buy rating and "Street high" price target of $53 on Navistar shares.
05/31/18
JEFF
05/31/18
NO CHANGE
JEFF
Buy
Jefferies lists buys on 'wildly overdone' electric truck concerns
The ramp of electric trucks amp may be slower than in passenger cars, and incumbent truck makers are likely to remain key players, Jefferies analyst Stephen Volkmann tells investors in a research note. To a much greater extent than in passenger vehicles, commercial vehicle sales rely on uptime and return on investment, and are driven by brand relationship and dealer support, Volkmann adds. He views the "terminal multiple" concerns for established truck players as "wildly overdone" and recommends buying shares of Paccar (PCAR), Navistar (NAV), Volkswagen (VLKAY) and Volvo (VOLVY).
04/25/18
JEFF
04/25/18
NO CHANGE
Target $53
JEFF
Buy
VW acquisition scenario supports $53 Navistar target, says Jefferies
Recent news flow regarding a separation of Volkswagen's (VLKAY) Truck and Bus business and the potential for full ownership of Navistar (NAV) has driven Navistar shares up 13% relative to the S&P 500 over the past month, Jefferies analyst Stephen Volkmann tells investors in a research note. After examining potential synergies and valuation scenarios for a tie-up, the analyst has increased confidence in his high-on-the-Street $53 price target for Navistar shares.

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ETFC

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ERJ

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BXG

Bluegreen Vacations

$14.47

0.55 (3.95%)

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SM

SM Energy

$16.88

-0.13 (-0.76%)

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AutoNation

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TSLA

Tesla

$294.60

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FSFG

First Savings Financial Group

$51.33

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MSFT

Microsoft

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ENT

Global Eagle

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NOC

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LYB

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TCCO

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INFU

InfuSystem

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KALU

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ALDR

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RF

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HL

Hecla Mining

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BMY

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TEN

Tenneco

$36.29

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Earnings
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TEN

Tenneco

$36.29

0.76 (2.14%)

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XRX

Xerox

$31.50

0.16 (0.51%)

16:44
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