AB Volvo (publ) (OTCMKTS:VLVLY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of AB Volvo (publ) (OTCMKTS:VLVLY) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company.

VLVLY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. UBS Group upgraded AB Volvo (publ) from a “sell” rating to a “neutral” rating in a research note on Friday, October 25th. Citigroup upgraded shares of AB Volvo (publ) to a “hold” rating in a research report on Friday, October 11th. Stifel Nicolaus upgraded shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Finally, Hsbc Global Res raised shares of AB Volvo (publ) to a “strong-buy” rating in a research report on Friday, August 30th.

AB Volvo (publ) Price Performance

VLVLY stock opened at $26.18 on Wednesday. The stock has a market cap of $53.22 billion, a price-to-earnings ratio of 10.82 and a beta of 1.30. AB Volvo has a fifty-two week low of $23.27 and a fifty-two week high of $30.14. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.91. The business has a 50 day moving average price of $25.55 and a 200 day moving average price of $25.59.

AB Volvo (publ) (OTCMKTS:VLVLY) last posted its earnings results on Friday, October 18th. The company reported $0.47 EPS for the quarter. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.91%. The firm had revenue of $11.23 billion for the quarter. Equities research analysts anticipate that AB Volvo will post 2.34 earnings per share for the current fiscal year.

AB Volvo (publ) Company Profile

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.