AB Volvo (OTCMKTS:VLVLY) Downgraded by Royal Bank Of Canada to Sector Perform

AB Volvo (OTCMKTS:VLVLY) was downgraded by research analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report issued on Friday, MarketBeat Ratings reports.

Other research 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, January 13th. Morgan Stanley downgraded shares of AB Volvo from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 13th. The Goldman Sachs Group raised shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft lowered shares of AB Volvo from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Kepler Capital Markets reaffirmed a “hold” rating on shares of AB Volvo in a research report on Friday, January 16th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

AB Volvo Trading Down 0.7%

Shares of AB Volvo stock opened at $39.00 on Friday. AB Volvo has a fifty-two week low of $22.55 and a fifty-two week high of $39.62. The business’s fifty day moving average is $33.99 and its two-hundred day moving average is $30.70. The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.79. The firm has a market cap of $79.30 billion, a PE ratio of 19.12, a P/E/G ratio of 9.23 and a beta of 1.15.

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