AB Volvo (publ) (OTCMKTS:VLVLY) Upgraded to “Hold” at Zacks Investment Research

AB Volvo (publ) (OTCMKTS:VLVLYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, Zacks.com reports.

According to Zacks, “AB Volvo is the parent company of the Volvo Group. The Volvo Group is a manufacturer of trucks, buses, construction equipment, diesel engines, and marine and industrial engines. The Volvo Group also provides solutions for financing and service. Its segments include Trucks, Construction Equipment, Buses, Volvo Penta, Group functions & Other, and Financial Services. The Company’s brand portfolio consists of Volvo, Volvo Penta, UD, Terex Trucks, Renault Trucks, Prevost, Nova Bus and Mack. In addition to vehicles and machines, its offering includes a range of services, such as insurance, rental services, spare parts, preventive maintenance, service agreements, assistance services and information technology (IT) services. Its product range is divided into Vehicles and Services. The sale of new vehicles, machinery and engines comprise Vehicles, as well as the sale of used vehicles and machines, trailers, superstructures and special vehicles. Its Services include the sale of spare parts. “

VLVLY has been the topic of a number of other research reports. Royal Bank of Canada increased their price objective on shares of AB Volvo (publ) from SEK 222 to SEK 224 in a report on Tuesday. JPMorgan Chase & Co. lowered their price target on shares of AB Volvo (publ) from SEK 210 to SEK 205 in a report on Friday, April 8th. The Goldman Sachs Group cut shares of AB Volvo (publ) from a “conviction-buy” rating to a “buy” rating in a research report on Friday, March 25th. Finally, Kepler Capital Markets lowered AB Volvo (publ) from a “buy” rating to a “hold” rating in a research report on Thursday, April 7th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AB Volvo (publ) has an average rating of “Hold” and a consensus target price of $151.00.

Shares of VLVLY opened at $15.85 on Friday. The company has a market capitalization of $32.23 billion, a P/E ratio of 9.16, a PEG ratio of 1.00 and a beta of 1.33. AB Volvo has a one year low of $15.66 and a one year high of $27.64. The business’s 50 day simple moving average is $17.91 and its 200-day simple moving average is $21.23. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.21 and a quick ratio of 0.89.

AB Volvo (publ) (OTCMKTS:VLVLYGet Rating) last issued its quarterly earnings data on Friday, April 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.03). The business had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $10.21 billion. AB Volvo (publ) had a net margin of 8.14% and a return on equity of 27.66%. On average, sell-side analysts anticipate that AB Volvo will post 1.75 EPS for the current fiscal year.

AB Volvo (publ) Company Profile (Get Rating)

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The company offers trucks for long-haulage, construction, mining, and distribution purposes under the Volvo, UD Trucks, Renault Trucks, Mack, Eicher, Arquus, cellcentric, and Dongfeng Trucks brands; and city and intercity buses, coaches, and bus chassis, as well as associated transport systems under the Prevost and Nova Bus brands.

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