AB Volvo (OTCMKTS:VLVLY) Given Average Rating of “Hold” by Brokerages

AB Volvo (OTCMKTS:VLVLY) has received an average recommendation of “Hold” from the nine research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a strong buy rating to the company.

A number of equities analysts recently weighed in on the stock. UBS Group lowered shares of AB Volvo from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Kepler Capital Markets restated a “hold” rating on shares of AB Volvo in a research report on Friday, January 16th. The Goldman Sachs Group upgraded shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Royal Bank Of Canada lowered shares of AB Volvo from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 13th. Finally, Morgan Stanley lowered shares of AB Volvo from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 13th.

AB Volvo Stock Down 1.0%

OTCMKTS VLVLY opened at $35.31 on Tuesday. The stock’s 50 day moving average is $35.42 and its 200 day moving average is $32.55. 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 has a 12 month low of $25.50 and a 12 month high of $39.62. The stock has a market cap of $71.80 billion, a PE ratio of 17.31, a P/E/G ratio of 0.86 and a beta of 1.21.

AB Volvo (OTCMKTS:VLVLY) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. AB Volvo had a return on equity of 23.01% and a net margin of 8.47%.The company had revenue of $14.01 billion for the quarter, compared to analysts’ expectations of $13.42 billion. Research analysts predict that AB Volvo will post 2.26 EPS for the current fiscal 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.