AB Volvo (OTCMKTS:VLVLY) Given Average Recommendation of “Hold” by Brokerages

AB Volvo (OTCMKTS:VLVLY) has been given a consensus rating of “Hold” by the ten research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a strong buy rating on the company.

Several equities research analysts have recently weighed in on the stock. Zacks Research upgraded shares of AB Volvo from a “strong sell” rating to a “hold” rating in a research report on Friday, December 19th. The Goldman Sachs Group raised shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Royal Bank Of Canada downgraded AB Volvo from an “outperform” rating to a “sector perform” rating in a report on Friday, February 13th. Morgan Stanley lowered AB Volvo from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 13th. Finally, Kepler Capital Markets reissued a “hold” rating on shares of AB Volvo in a research note on Friday, January 16th.

AB Volvo Stock Performance

OTCMKTS:VLVLY opened at $35.92 on Monday. 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 $39.62. The company has a 50 day simple moving average of $36.04 and a two-hundred day simple moving average of $31.65. The company has a market capitalization of $73.04 billion, a PE ratio of 17.61, a P/E/G ratio of 8.57 and a beta of 1.13.

AB Volvo (OTCMKTS:VLVLY) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. AB Volvo had a net margin of 8.47% and a return on equity of 23.01%. The firm had revenue of $14.01 billion for the quarter, compared to the consensus estimate of $13.42 billion. 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.