AB Volvo (OTCMKTS:VLVLY) Given Consensus Recommendation of “Hold” by Brokerages

AB Volvo (OTCMKTS:VLVLY) has received an average rating of “Hold” from the nine brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a strong buy rating to the company.

Several brokerages have commented on VLVLY. The Goldman Sachs Group raised AB Volvo from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. Kepler Capital Markets reissued a “hold” rating on shares of AB Volvo in a research note on Friday, January 16th. UBS Group lowered shares of AB Volvo from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Sanford C. Bernstein upgraded shares of AB Volvo from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Finally, Zacks Research raised AB Volvo from a “strong sell” rating to a “hold” rating in a report on Friday, December 19th.

AB Volvo Stock Up 0.5%

OTCMKTS VLVLY opened at $38.44 on Thursday. The business has a fifty day moving average price of $33.29 and a two-hundred day moving average price of $30.46. The stock has a market capitalization of $78.17 billion, a PE ratio of 18.84, a PEG ratio of 9.02 and a beta of 1.15. AB Volvo has a fifty-two week low of $22.55 and a fifty-two week high of $39.20. 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 posted its quarterly earnings results on Wednesday, January 28th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. AB Volvo had a return on equity of 23.01% and a net margin of 8.47%.The company had revenue of $14.01 billion during the quarter, compared to analysts’ expectations of $13.42 billion. Equities analysts expect that AB Volvo will post 2.38 earnings per share for the current fiscal 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.