AB Volvo (OTCMKTS:VLVLY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of AB Volvo (OTCMKTS:VLVLY) have been given a consensus rating of “Moderate Buy” by the ten analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a strong buy rating to the company.

Separately, Pareto Securities raised AB Volvo to a “strong-buy” rating in a report on Thursday, June 11th.

AB Volvo Price Performance

VLVLY stock opened at $33.56 on Friday. The stock’s fifty day simple moving average is $34.32 and its two-hundred day simple moving average is $34.33. The company has a current ratio of 1.19, a quick ratio of 0.91 and a debt-to-equity ratio of 0.80. AB Volvo has a 1-year low of $26.11 and a 1-year high of $39.62. The stock has a market cap of $68.24 billion, a P/E ratio of 16.53, a P/E/G ratio of 0.74 and a beta of 1.18.

AB Volvo (OTCMKTS:VLVLY) last issued its quarterly earnings results on Friday, April 24th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). The firm had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $12.42 billion. AB Volvo had a net margin of 8.32% and a return on equity of 22.17%. Analysts expect that AB Volvo will post 2.33 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.