AB Volvo (OTCMKTS:VLVLY) Earns Hold Rating from Kepler Capital Markets

AB Volvo (OTCMKTS:VLVLY)‘s stock had its “hold” rating reaffirmed by analysts at Kepler Capital Markets in a report issued on Friday.

Other equities analysts also recently issued research reports about the stock. UBS Group downgraded shares of AB Volvo from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday. Citigroup upgraded AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. The Goldman Sachs Group upgraded AB Volvo from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. Morgan Stanley downgraded AB Volvo from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft downgraded AB Volvo from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Two analysts have rated the stock with a Strong Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, AB Volvo presently has an average rating of “Hold”.

AB Volvo Stock Up 1.8%

Shares of OTCMKTS:VLVLY opened at $34.07 on Friday. The stock has a 50-day simple moving average of $30.85 and a 200-day simple moving average of $29.54. The stock has a market capitalization of $69.28 billion, a P/E ratio of 16.78, a PEG ratio of 5.65 and a beta of 1.13. AB Volvo has a 1 year low of $22.55 and a 1 year high of $34.22. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.85 and a current ratio of 1.12.

AB Volvo (OTCMKTS:VLVLY) last posted its quarterly earnings results on Friday, October 17th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.13). AB Volvo had a net margin of 8.47% and a return on equity of 22.66%. The business had revenue of $11.75 billion during the quarter, compared to analysts’ expectations of $115.79 billion. Equities analysts forecast that AB Volvo will post 2.38 earnings per share for the current year.

About AB Volvo

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.