AB Volvo (OTCMKTS:VLVLY) Stock Rating Upgraded by Sanford C. Bernstein

AB Volvo (OTCMKTS:VLVLY) was upgraded by investment analysts at Sanford C. Bernstein from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, The Goldman Sachs Group cut AB Volvo from a “buy” rating to a “neutral” rating in a research report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

AB Volvo Stock Performance

VLVLY opened at $27.65 on Monday. The stock has a market cap of $56.22 billion, a PE ratio of 13.10, a P/E/G ratio of 3.95 and a beta of 1.16. The company has a current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.88. AB Volvo has a 1 year low of $22.55 and a 1 year high of $33.33. The stock’s 50 day simple moving average is $29.56 and its 200-day simple moving average is $28.18.

AB Volvo (OTCMKTS:VLVLY) last released its quarterly earnings data on Thursday, July 17th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.16. The business had revenue of $12.59 billion for the quarter, compared to analysts’ expectations of $122.35 billion. AB Volvo had a return on equity of 23.77% and a net margin of 8.90%. Sell-side analysts forecast that AB Volvo will post 2.38 EPS for the current year.

AB Volvo Company Profile

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.