AB Volvo (OTCMKTS:VLVLY) Given Consensus Recommendation of “Hold” by Analysts

AB Volvo (OTCMKTS:VLVLY) has been given an average rating of “Hold” by the eight ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a strong buy rating on the company.

A number of research firms have recently weighed in on VLVLY. UBS Group downgraded AB Volvo from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday. Citigroup upgraded shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th. Sanford C. Bernstein raised shares of AB Volvo from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Zacks Research raised shares of AB Volvo from a “strong sell” rating to a “hold” rating in a research note on Friday, December 19th. Finally, Morgan Stanley lowered shares of AB Volvo from an “overweight” rating to an “equal weight” rating in a report on Tuesday.

AB Volvo Price Performance

VLVLY opened at $34.07 on Friday. 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 capitalization of $69.28 billion, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 5.65 and a beta of 1.13. The company’s 50 day simple moving average is $30.85 and its 200-day simple moving average is $29.54. AB Volvo has a one year low of $22.55 and a one year high of $34.22.

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