AB Volvo (OTCMKTS:VLVLY) Upgraded to Strong-Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of AB Volvo (OTCMKTS:VLVLY) from a hold rating to a strong-buy rating in a report published on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Sanford C. Bernstein raised shares of AB Volvo from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Deutsche Bank Aktiengesellschaft lowered shares of AB Volvo from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Zacks Research upgraded AB Volvo from a “strong sell” rating to a “hold” rating in a report on Friday, December 19th. Finally, Citigroup raised AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

AB Volvo Price Performance

Shares of VLVLY stock opened at $33.31 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.85 and a current ratio of 1.12. AB Volvo has a fifty-two week low of $22.55 and a fifty-two week high of $33.84. The firm has a market cap of $67.73 billion, a P/E ratio of 16.41, a P/E/G ratio of 5.63 and a beta of 1.13. The business’s 50 day moving average price is $30.21 and its 200-day moving average price is $29.32.

AB Volvo (OTCMKTS:VLVLY) last announced its earnings results on Friday, October 17th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.13). AB Volvo had a net margin of 8.47% and a return on equity of 22.66%. The business had revenue of $11.75 billion for the quarter, compared to the consensus estimate of $115.79 billion. On average, equities research analysts anticipate 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.