AB Volvo (OTCMKTS:VLVLY) Reaches New 12-Month High – Should You Buy?

Shares of AB Volvo (OTCMKTS:VLVLY) hit a new 52-week high on Wednesday . The stock traded as high as $39.40 and last traded at $39.03, with a volume of 7012 shares traded. The stock had previously closed at $38.6150.

Analyst Ratings Changes

A number of analysts recently commented on VLVLY shares. The Goldman Sachs Group upgraded shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. UBS Group lowered shares of AB Volvo from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Morgan Stanley downgraded AB Volvo from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 13th. Citigroup raised AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Finally, Deutsche Bank Aktiengesellschaft lowered AB Volvo from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

AB Volvo Stock Down 1.3%

The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.79. The business has a 50-day simple moving average of $33.99 and a 200-day simple moving average of $30.70. The company has a market cap of $78.35 billion, a PE ratio of 18.89, a P/E/G ratio of 9.23 and a beta of 1.15.

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