AB Volvo (OTCMKTS:VLVLY) Sets New 1-Year High on Analyst Upgrade

AB Volvo (OTCMKTS:VLVLY)’s share price reached a new 52-week high during mid-day trading on Thursday after The Goldman Sachs Group upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $33.84 and last traded at $33.41, with a volume of 214406 shares. The stock had previously closed at $32.88.

A number of other equities analysts also recently commented on the stock. Citigroup upgraded shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 5th. Sanford C. Bernstein upgraded AB Volvo from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Deutsche Bank Aktiengesellschaft lowered AB Volvo from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, Zacks Research raised AB Volvo from a “strong sell” rating to a “hold” rating in a report on Friday, December 19th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

AB Volvo Stock Performance

The company has a market cap of $68.38 billion, a PE ratio of 16.57, a PEG ratio of 5.62 and a beta of 1.13. The stock has a 50 day simple moving average of $30.33 and a two-hundred day simple moving average of $29.37. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.12 and a quick ratio of 0.85.

AB Volvo (OTCMKTS:VLVLY) last announced its earnings results on Friday, October 17th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.13). The business had revenue of $11.75 billion for the quarter, compared to analysts’ expectations of $115.79 billion. AB Volvo had a return on equity of 22.66% and a net margin of 8.47%. Equities analysts predict that AB Volvo will post 2.38 EPS for the current year.

AB Volvo Company Profile

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.