AB Volvo (publ) (OTCMKTS:VLVLY) Upgraded by DNB Markets to Buy

DNB Markets upgraded shares of AB Volvo (publ) (OTCMKTS:VLVLY) from a hold rating to a buy rating in a report released on Monday, FlyOnTheWall reports.

A number of other brokerages also recently commented on VLVLY. Societe Generale assumed coverage on AB Volvo (publ) in a research note on Wednesday, September 13th. They issued a buy rating for the company. Nordea Equity Research downgraded shares of AB Volvo (publ) from a buy rating to a hold rating in a research note on Thursday, July 20th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $192.67.

AB Volvo (publ) Trading Up 1.3 %

Shares of VLVLY opened at $20.57 on Monday. AB Volvo has a 12 month low of $13.66 and a 12 month high of $22.21. The stock has a market cap of $41.83 billion, a PE ratio of 11.36, a P/E/G ratio of 0.55 and a beta of 1.36. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.17 and a quick ratio of 0.86. The stock’s 50-day moving average is $20.83 and its two-hundred day moving average is $20.16.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its earnings results on Wednesday, July 19th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.13). AB Volvo (publ) had a return on equity of 22.65% and a net margin of 7.48%. The business had revenue of $13.38 billion for the quarter, compared to analysts’ expectations of $12.71 billion. Equities analysts forecast that AB Volvo will post 2.33 earnings per share for the current fiscal year.

About AB Volvo (publ)

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.