BNP Paribas Initiates Coverage on VOLVO AB/ADR (OTCMKTS:VLVLY)

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BNP Paribas initiated coverage on shares of VOLVO AB/ADR (OTCMKTS:VLVLY) in a research report released on Tuesday morning, Briefing.com Automated Import reports. The firm issued an underperform rating on the stock.

A number of other research analysts also recently weighed in on VLVLY. ValuEngine downgraded shares of VOLVO AB/ADR from a hold rating to a sell rating in a research report on Thursday, August 1st. Royal Bank of Canada initiated coverage on shares of VOLVO AB/ADR in a research note on Tuesday, June 4th. They set a sector perform rating for the company. Finally, HSBC reissued a hold rating on shares of VOLVO AB/ADR in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $17.00.

Shares of VOLVO AB/ADR stock opened at $13.17 on Tuesday. The firm has a 50-day simple moving average of $15.14 and a two-hundred day simple moving average of $14.98. The company has a market cap of $26.75 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 1.50 and a beta of 1.51. VOLVO AB/ADR has a fifty-two week low of $12.06 and a fifty-two week high of $18.29.

VOLVO AB/ADR (OTCMKTS:VLVLY) last issued its quarterly earnings data on Thursday, July 18th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $12.78 billion during the quarter, compared to the consensus estimate of $11.63 billion. VOLVO AB/ADR had a net margin of 7.43% and a return on equity of 28.82%. As a group, sell-side analysts expect that VOLVO AB/ADR will post 1.83 earnings per share for the current fiscal year.

About VOLVO AB/ADR

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The company offers trucks for long-haulage, construction, and distribution purposes under the Volvo, UD Trucks, Renault Trucks, Mack, Eicher, and Dongfeng brands; and city and intercity buses, coaches, and bus chassis under the Volvo, Prevost, Nova Bus, and UD Bus brands.

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Analyst Recommendations for VOLVO AB/ADR (OTCMKTS:VLVLY)

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