AB Volvo (OTCMKTS:VLVLY) Stock Rated “Moderate Buy” by Wall Street Brokerages

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

Several brokerages have weighed in on VLVLY. Zacks Research lowered shares of AB Volvo from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Erste Group Bank upgraded shares of AB Volvo to a “strong-buy” rating in a research report on Wednesday, August 5th.

AB Volvo Stock Performance

Shares of VLVLY opened at $32.19 on Friday. 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 52-week low of $26.11 and a 52-week high of $39.62. The company has a 50-day simple moving average of $34.36 and a 200-day simple moving average of $34.54. The company has a market capitalization of $65.46 billion, a PE ratio of 17.12, a P/E/G ratio of 0.75 and a beta of 1.22.

AB Volvo (OTCMKTS:VLVLY) last released its quarterly earnings data on Friday, July 17th. The company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $13.09 billion for the quarter, compared to the consensus estimate of $12.92 billion. AB Volvo had a net margin of 7.60% and a return on equity of 20.16%. Equities research analysts predict that AB Volvo will post 2.13 earnings per share for the current fiscal year.

About AB Volvo

AB Volvo, commonly known as the Volvo Group, is a Sweden-based manufacturer of commercial vehicles and related equipment. The company develops and sells heavy-duty trucks under brands including Volvo Trucks, Mack, Renault Trucks and UD Trucks, serving industries such as freight transportation, construction and distribution.

In addition to trucks, Volvo Group provides buses and coaches, construction equipment, and marine and industrial engines. Its offerings are supported by aftermarket services, spare parts, maintenance, repair and fleet-management solutions designed to help customers operate and maintain their vehicles and equipment.

Founded in 1927 and headquartered in Gothenburg, Sweden, AB Volvo serves customers through operations and sales networks across Europe, North America, South America, Asia, Africa and Oceania.