AB Volvo (OTCMKTS:VLVLY) Rating Lowered to Equal Weight at Morgan Stanley

AB Volvo (OTCMKTS:VLVLY) was downgraded by Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report issued on Tuesday.

Several other brokerages have also weighed in on VLVLY. The Goldman Sachs Group raised AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Sanford C. Bernstein raised AB Volvo from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Citigroup upgraded shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Zacks Research upgraded AB Volvo from a “strong sell” rating to a “hold” rating in a research report on Friday, December 19th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of AB Volvo from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, AB Volvo presently has a consensus rating of “Moderate Buy”.

AB Volvo Stock Down 1.8%

Shares of OTCMKTS:VLVLY traded down $0.63 during trading on Tuesday, hitting $33.26. The company’s stock had a trading volume of 10,702 shares, compared to its average volume of 80,885. AB Volvo has a fifty-two week low of $22.55 and a fifty-two week high of $33.97. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.85 and a current ratio of 1.12. The company has a market capitalization of $67.64 billion, a PE ratio of 16.39, a PEG ratio of 5.67 and a beta of 1.13. The stock’s 50-day moving average price is $30.47 and its two-hundred day moving average price is $29.45.

AB Volvo (OTCMKTS:VLVLY) last announced its quarterly earnings data on Friday, October 17th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.13). The firm had revenue of $11.75 billion during the quarter, compared to the consensus estimate of $115.79 billion. AB Volvo had a net margin of 8.47% and a return on equity of 22.66%. As a group, sell-side analysts expect that AB Volvo will post 2.38 EPS for the current year.

AB Volvo Company Profile

AB Volvo (Volvo Group) is a Swedish multinational manufacturing company headquartered in Gothenburg. The company designs, manufactures and sells a broad range of commercial vehicles and related systems, including heavy- and medium-duty trucks, buses, and construction equipment. In addition to vehicles and machinery, Volvo supplies marine and industrial power systems through its Volvo Penta division and offers parts, service, telematics and financing solutions to commercial customers worldwide.

Key product and business lines include Volvo Trucks and Mack-branded heavy trucks, a global bus and coach offering, Volvo Construction Equipment, and power systems for marine and industrial applications.