AB Volvo (OTCMKTS:VLVLY) Given Average Rating of “Moderate Buy” by Analysts

Shares of AB Volvo (OTCMKTS:VLVLY) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a strong buy rating to the company.

Several brokerages recently commented on VLVLY. Erste Group Bank raised shares of AB Volvo to a “strong-buy” rating in a research note on Wednesday, August 5th. Pareto Securities raised AB Volvo to a “strong-buy” rating in a report on Thursday, June 11th.

AB Volvo Price Performance

Shares of VLVLY stock opened at $32.92 on Monday. The business has a fifty day simple moving average of $36.00 and a 200 day simple moving average of $34.73. The company has a market cap of $66.94 billion, a P/E ratio of 17.51, a P/E/G ratio of 0.77 and a beta of 1.18. The company has a quick ratio of 0.82, a current ratio of 1.10 and a debt-to-equity ratio of 0.85. AB Volvo has a twelve month low of $26.11 and a twelve month high of $39.62.

AB Volvo (OTCMKTS:VLVLY) last released its earnings results on Friday, July 17th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The firm had revenue of $13.09 billion for the quarter, compared to analysts’ expectations of $12.92 billion. AB Volvo had a return on equity of 20.16% and a net margin of 7.60%. On average, sell-side analysts forecast that AB Volvo will post 2.2 EPS for the current fiscal year.

AB Volvo Company Profile

AB Volvo is a Sweden-based industrial company that develops, manufactures and services commercial vehicles, construction equipment, marine and industrial engines, and related financial solutions. Its product portfolio includes heavy-duty trucks, buses and coaches, construction machinery, and power systems for marine and industrial applications.

The company operates through well-known brands including Volvo Trucks, Mack Trucks, Renault Trucks, Volvo Construction Equipment and Volvo Penta.