AB Volvo (OTCMKTS:VLVLY) Upgraded by Pareto Securities to Strong-Buy Rating

AB Volvo (OTCMKTS:VLVLY) was upgraded by equities researchers at Pareto Securities to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Royal Bank Of Canada cut AB Volvo from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 13th. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, AB Volvo presently has a consensus rating of “Moderate Buy”.

AB Volvo Stock Up 0.1%

AB Volvo stock opened at $33.51 on Thursday. The stock has a market cap of $68.14 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 0.74 and a beta of 1.18. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.91 and a current ratio of 1.19. AB Volvo has a one year low of $26.11 and a one year high of $39.62. The stock has a fifty day moving average of $34.32 and a 200 day moving average of $34.19.

AB Volvo (OTCMKTS:VLVLY) last posted its quarterly earnings data on Friday, April 24th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). The firm had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $12.42 billion. AB Volvo had a net margin of 8.32% and a return on equity of 22.17%. As a group, sell-side analysts predict that AB Volvo will post 2.33 EPS 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.