Shares of AB Volvo (OTCMKTS:VLVLY – Get Free Report) have received a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a strong buy recommendation to the company.
VLVLY has been the topic of a number of research reports. Pareto Securities upgraded AB Volvo to a “strong-buy” rating in a report on Thursday, June 11th. Erste Group Bank raised AB Volvo to a “strong-buy” rating in a report on Wednesday, August 5th.
Read Our Latest Analysis on AB Volvo
AB Volvo Stock Up 1.4%
AB Volvo (OTCMKTS:VLVLY – Get Free Report) last issued its earnings results on Friday, July 17th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. AB Volvo had a net margin of 7.60% and a return on equity of 20.16%. The company had revenue of $13.09 billion during the quarter, compared to analysts’ expectations of $12.92 billion. On average, research analysts expect that AB Volvo will post 2.2 earnings per share for the current fiscal year.
AB Volvo Company Profile
AB Volvo is a Sweden-based industrial company that develops, manufactures and services commercial vehicles, construction equipment, marine and industrial engines, and related financial solutions. Its product portfolio includes heavy-duty trucks, buses and coaches, construction machinery, and power systems for marine and industrial applications.
The company operates through well-known brands including Volvo Trucks, Mack Trucks, Renault Trucks, Volvo Construction Equipment and Volvo Penta.
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