AB Volvo (OTCMKTS:VLVLY) Stock Rated “Hold” by Sell-Side Brokerages

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

Several equities research analysts have recently issued reports on the company. Zacks Research cut AB Volvo from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Erste Group Bank lowered AB Volvo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 21st. Finally, Citigroup downgraded AB Volvo from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 2nd.

AB Volvo Trading Up 0.2%

Shares of VLVLY traded up $0.08 on Tuesday, hitting $32.15. 185,445 shares of the stock traded hands, compared to its average volume of 476,525. AB Volvo has a 1 year low of $26.96 and a 1 year high of $39.62. The stock’s 50 day moving average is $32.52 and its two-hundred day moving average is $34.64. The firm has a market capitalization of $65.38 billion, a P/E ratio of 15.76, a P/E/G ratio of 0.83 and a beta of 1.24. The company has a quick ratio of 0.82, a current ratio of 1.10 and a debt-to-equity ratio of 0.85.

AB Volvo (OTCMKTS:VLVLY) last released its earnings results on Friday, October 23rd. The company reported $0.55 EPS for the quarter, hitting the consensus estimate of $0.55. The firm had revenue of $12.04 billion during the quarter, compared to analysts’ expectations of $12.53 billion. AB Volvo had a net margin of 8.12% and a return on equity of 21.50%. As a group, sell-side analysts predict that AB Volvo will post 2.11 earnings per share for the current year.

About AB Volvo

AB Volvo, commonly known as the Volvo Group, is a Swedish manufacturer of commercial vehicles and industrial equipment. Founded in Gothenburg in 1927, the company operates separately from Volvo Cars. Its products include trucks, buses, construction equipment, and engines for marine and industrial applications. The group also provides aftermarket services, such as maintenance, repairs, and parts, as well as financing and other customer services. AB Volvo serves customers across markets worldwide through a network of manufacturing, sales, and service operations.