AB Volvo (OTCMKTS:VLVLY) Cut to Equal Weight at Morgan Stanley

Morgan Stanley cut shares of AB Volvo (OTCMKTS:VLVLY) from an overweight rating to an equal weight rating in a research note released on Tuesday morning, Marketbeat Ratings reports.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group raised shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. Sanford C. Bernstein upgraded shares of AB Volvo from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Citigroup upgraded shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th. Zacks Research upgraded shares of AB Volvo from a “strong sell” rating to a “hold” rating in a report on Friday, December 19th. Finally, Deutsche Bank Aktiengesellschaft cut AB Volvo from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, AB Volvo currently has an average rating of “Hold”.

AB Volvo Stock Up 1.8%

Shares of VLVLY stock opened at $34.07 on Tuesday. AB Volvo has a 1 year low of $22.55 and a 1 year high of $34.22. The firm has a market capitalization of $69.28 billion, a P/E ratio of 16.78, a PEG ratio of 5.65 and a beta of 1.13. The company has a current ratio of 1.12, a quick ratio of 0.85 and a debt-to-equity ratio of 0.79. The firm’s fifty day moving average price is $30.85 and its two-hundred day moving average price is $29.54.

AB Volvo (OTCMKTS:VLVLY) last posted its quarterly earnings results on Friday, October 17th. The company reported $0.39 earnings per share 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 company had revenue of $11.75 billion during the quarter, compared to the consensus estimate of $115.79 billion. On average, equities analysts predict that AB Volvo will post 2.38 EPS for the current fiscal 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.