AB Volvo (OTCMKTS:VLVLY) Given Consensus Recommendation of “Hold” by Analysts

Shares of AB Volvo (OTCMKTS:VLVLY) have earned an average rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company.

Separately, The Goldman Sachs Group cut shares of AB Volvo from a “buy” rating to a “neutral” rating in a report on Monday, September 8th.

AB Volvo Trading Up 1.1%

OTCMKTS VLVLY opened at $29.42 on Friday. AB Volvo has a 12 month low of $22.55 and a 12 month high of $33.33. The company has a current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.88. The stock’s fifty day moving average price is $29.63 and its 200-day moving average price is $28.28. The stock has a market cap of $59.82 billion, a P/E ratio of 13.94, a P/E/G ratio of 4.17 and a beta of 1.16.

AB Volvo (OTCMKTS:VLVLY) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.16. AB Volvo had a return on equity of 23.77% and a net margin of 8.90%.The firm had revenue of $12.59 billion during the quarter, compared to analyst estimates of $122.35 billion. As a group, equities analysts forecast that AB Volvo will post 2.38 EPS for the current fiscal year.

About AB Volvo

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.