AB Volvo (OTCMKTS:VLVLY) Receives Consensus Rating of “Hold” from Brokerages

Shares of AB Volvo (OTCMKTS:VLVLY) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a strong buy recommendation to the company.

A number of brokerages have recently issued reports on VLVLY. Citigroup upgraded shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th. Royal Bank Of Canada cut shares of AB Volvo from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 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. UBS Group lowered shares of AB Volvo from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, January 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 Price Performance

Shares of VLVLY opened at $31.57 on Friday. The business has a 50-day moving average of $36.18 and a 200-day moving average of $31.94. 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 company has a market capitalization of $64.20 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 7.63 and a beta of 1.13. AB Volvo has a 1 year low of $22.55 and a 1 year high of $39.62.

AB Volvo (OTCMKTS:VLVLY) last announced its earnings results on Wednesday, January 28th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.46 by $0.04. The business had revenue of $14.01 billion for the quarter, compared to analysts’ expectations of $13.42 billion. AB Volvo had a return on equity of 23.01% and a net margin of 8.47%. As a group, equities research 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.