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

AB Volvo (OTCMKTS:VLVLY) has been given a consensus rating of “Moderate Buy” by the eleven research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a strong buy rating to the company.

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

AB Volvo Stock Down 1.7%

Shares of VLVLY opened at $35.14 on Thursday. The firm has a fifty day moving average price of $35.90 and a 200-day moving average price of $35.08. The company has a current ratio of 1.10, a quick ratio of 0.82 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $71.46 billion, a P/E ratio of 18.69, a P/E/G ratio of 0.81 and a beta of 1.18. AB Volvo has a 12-month low of $26.11 and a 12-month high of $39.62.

AB Volvo (OTCMKTS:VLVLY) last posted its quarterly earnings results on Friday, July 17th. The company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. AB Volvo had a net margin of 7.60% and a return on equity of 20.16%. The company had revenue of $13.09 billion for the quarter, compared to the consensus estimate of $12.92 billion. Equities research analysts expect that AB Volvo will post 2.2 earnings per share for the current 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.