AB Volvo (OTCMKTS:VLVLY) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of AB Volvo (OTCMKTS:VLVLY) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

VLVLY has been the topic of a number of other research reports. Sanford C. Bernstein raised shares of AB Volvo from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Citigroup upgraded AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Zacks Research raised AB Volvo from a “strong sell” rating to a “hold” rating in a research report on Friday, December 19th. Finally, Deutsche Bank Aktiengesellschaft cut AB Volvo from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Three 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

AB Volvo Stock Performance

OTCMKTS VLVLY opened at $33.63 on Wednesday. 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 has a 1-year low of $22.55 and a 1-year high of $33.84. The firm has a market capitalization of $68.38 billion, a P/E ratio of 16.57, a P/E/G ratio of 5.62 and a beta of 1.13. The business’s 50-day simple moving average is $30.33 and its 200-day simple moving average is $29.37.

AB Volvo (OTCMKTS:VLVLY) last posted 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 analyst estimates 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.