AB Volvo (OTCMKTS:VLVLY) Rating Increased to Strong-Buy at Pareto Securities

Pareto Securities upgraded shares of AB Volvo (OTCMKTS:VLVLY) to a strong-buy rating in a report published on Thursday,Zacks.com reports.

Separately, Royal Bank Of Canada lowered AB Volvo from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 13th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, AB Volvo has a consensus rating of “Moderate Buy”.

AB Volvo Trading Up 0.1%

Shares of VLVLY stock opened at $33.51 on Thursday. AB Volvo has a 52-week low of $26.11 and a 52-week high of $39.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.91 and a current ratio of 1.19. The firm has a market capitalization of $68.14 billion, a PE ratio of 16.51, a PEG ratio of 0.74 and a beta of 1.18. The stock has a fifty day simple moving average of $34.32 and a two-hundred day simple moving average of $34.19.

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