AB Volvo (OTCMKTS:VLVLY) Reaches New 52-Week High – Still a Buy?

AB Volvo (OTCMKTS:VLVLY)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $33.84 and last traded at $33.41, with a volume of 214406 shares. The stock had previously closed at $32.88.

Analysts Set New Price Targets

Several equities analysts have weighed in on VLVLY shares. Deutsche Bank Aktiengesellschaft cut AB Volvo from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Zacks Research raised shares of AB Volvo from a “strong sell” rating to a “hold” rating in a research report on Friday, December 19th. Citigroup raised shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, AB Volvo has an average rating of “Hold”.

AB Volvo Trading Up 1.6%

The firm has a 50-day moving average of $30.10 and a two-hundred day moving average of $29.30. The firm has a market capitalization of $67.94 billion, a P/E ratio of 16.46, a P/E/G 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.

AB Volvo (OTCMKTS:VLVLY) last issued its earnings results on Friday, October 17th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.13). AB Volvo had a return on equity of 22.66% and a net margin of 8.47%.The business had revenue of $11.75 billion for the quarter, compared to analyst estimates of $115.79 billion. On average, analysts anticipate that AB Volvo will post 2.38 EPS for the current year.

AB Volvo Company Profile

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.