AB Volvo (OTCMKTS:VLVLY) Receives Average Rating of “Hold” from Analysts

Shares of AB Volvo (OTCMKTS:VLVLY) have been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a strong buy rating on the company.

Several equities analysts have recently commented on the company. Citigroup upgraded AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th. Zacks Research raised AB Volvo from a “strong sell” rating to a “hold” rating in a research note on Friday, December 19th. UBS Group downgraded AB Volvo from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Sanford C. Bernstein raised shares of AB Volvo from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Finally, Morgan Stanley cut shares of AB Volvo from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 13th.

AB Volvo Stock Performance

Shares of OTCMKTS VLVLY opened at $38.81 on Thursday. The firm has a fifty day moving average price of $32.95 and a 200-day moving average price of $30.31. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.12 and a quick ratio of 0.85. The stock has a market cap of $78.92 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 6.42 and a beta of 1.15. AB Volvo has a 1 year low of $22.55 and a 1 year high of $39.20.

AB Volvo (OTCMKTS:VLVLY) last released its earnings results on Wednesday, January 28th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. The company had revenue of $14.01 billion for the quarter, compared to analysts’ expectations of $13.42 billion. AB Volvo had a net margin of 8.47% and a return on equity of 23.01%. Equities analysts anticipate that AB Volvo will post 2.38 earnings per share for the current fiscal 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.