VOLVO AB/ADR (VLVLY) Upgraded to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of VOLVO AB/ADR (OTCMKTS:VLVLY) from a hold rating to a strong-buy rating in a research note released on Friday morning. Zacks Investment Research currently has $19.00 target price on the stock.

According to Zacks, “AB Volvo is the parent company of the Volvo Group. The Volvo Group is a manufacturer of trucks, buses, construction equipment, diesel engines, and marine and industrial engines. The Volvo Group also provides solutions for financing and service. Its segments include Trucks, Construction Equipment, Buses, Volvo Penta, Group functions & Other, and Financial Services. The Company’s brand portfolio consists of Volvo, Volvo Penta, UD, Terex Trucks, Renault Trucks, Prevost, Nova Bus and Mack. In addition to vehicles and machines, its offering includes a range of services, such as insurance, rental services, spare parts, preventive maintenance, service agreements, assistance services and information technology (IT) services. Its product range is divided into Vehicles and Services. The sale of new vehicles, machinery and engines comprise Vehicles, as well as the sale of used vehicles and machines, trailers, superstructures and special vehicles. Its Services include the sale of spare parts. “

Separately, ValuEngine raised shares of VOLVO AB/ADR from a sell rating to a hold rating in a research note on Thursday, July 19th.

Shares of VLVLY stock remained flat at $$16.07 during trading hours on Friday. 54,893 shares of the stock traded hands, compared to its average volume of 18,984. The company has a market capitalization of $35.75 billion, a P/E ratio of 13.07, a P/E/G ratio of 0.75 and a beta of 1.46. VOLVO AB/ADR has a 12-month low of $15.30 and a 12-month high of $20.86.

VOLVO AB/ADR (OTCMKTS:VLVLY) last released its quarterly earnings results on Thursday, July 19th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.16. VOLVO AB/ADR had a net margin of 6.94% and a return on equity of 24.08%. The firm had revenue of $11.96 billion during the quarter, compared to the consensus estimate of $10.99 billion. Equities research analysts anticipate that VOLVO AB/ADR will post 1.58 earnings per share for the current year.

VOLVO AB/ADR Company Profile

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, and internationally. The company offers trucks for long-haulage, construction, and distribution purposes under the Volvo, UD, Renault, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and bus chassis under the Volvo, UD, Prevost, and Nova Bus brands.

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