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

AB Volvo (publ) (OTCMKTS:VLVLY) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company.

Several research firms recently commented on VLVLY. Citigroup raised AB Volvo (publ) to a “hold” rating in a report on Friday, October 11th. HSBC raised AB Volvo (publ) from a “hold” rating to a “buy” rating in a report on Friday, August 30th. Stifel Nicolaus upgraded AB Volvo (publ) from a “hold” rating to a “buy” rating in a research report on Monday. Hsbc Global Res upgraded AB Volvo (publ) to a “strong-buy” rating in a research report on Friday, August 30th. Finally, Barclays started coverage on AB Volvo (publ) in a research report on Wednesday, July 10th. They issued an “equal weight” rating for the company.

AB Volvo (publ) Price Performance

Shares of AB Volvo (publ) stock opened at $25.74 on Tuesday. AB Volvo has a 12 month low of $19.26 and a 12 month high of $30.14. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.14 and a quick ratio of 0.88. The stock has a market capitalization of $52.33 billion, a P/E ratio of 10.86 and a beta of 1.33. The business has a 50 day simple moving average of $25.67 and a two-hundred day simple moving average of $25.78.

AB Volvo (publ) (OTCMKTS:VLVLY) last posted its quarterly earnings results on Friday, October 18th. The company reported $0.47 EPS for the quarter. AB Volvo (publ) had a return on equity of 32.00% and a net margin of 10.11%. The firm had revenue of $11.23 billion during the quarter. As a group, analysts predict that AB Volvo will post 2.49 EPS 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.