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

Shares of AB Volvo (OTCMKTS:VLVLY) have received an average recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a strong buy rating to the company.

A number of equities research analysts have issued reports on the company. Royal Bank Of Canada downgraded AB Volvo from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 13th. The Goldman Sachs Group upgraded AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. Zacks Research upgraded AB Volvo from a “strong sell” rating to a “hold” rating in a report on Friday, December 19th. UBS Group downgraded shares of AB Volvo from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Finally, Citigroup upgraded shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th.

AB Volvo Stock Down 0.7%

Shares of VLVLY opened at $33.12 on Friday. The firm has a market cap of $67.35 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 5.97 and a beta of 1.21. The company’s fifty day moving average is $36.01 and its two-hundred day moving average is $32.05. AB Volvo has a fifty-two week low of $22.55 and a fifty-two week high of $39.62. The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.79.

AB Volvo (OTCMKTS:VLVLY) last released its quarterly earnings data on Wednesday, January 28th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. The business had revenue of $14.01 billion during the quarter, compared to the consensus estimate of $13.42 billion. AB Volvo had a return on equity of 23.01% and a net margin of 8.47%. Analysts forecast that AB Volvo will post 2.38 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.