AB Volvo (OTCMKTS:VLVLY) Rating Lowered to Sector Perform at Royal Bank Of Canada

AB Volvo (OTCMKTS:VLVLY) was downgraded by Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a report released on Friday, MarketBeat reports.

A number of other brokerages also recently weighed in on VLVLY. Kepler Capital Markets reiterated a “hold” rating on shares of AB Volvo in a report on Friday, January 16th. Zacks Research upgraded AB Volvo from a “strong sell” rating to a “hold” rating in a report on Friday, December 19th. Morgan Stanley downgraded shares of AB Volvo from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 13th. The Goldman Sachs Group upgraded shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. Finally, UBS Group lowered shares of AB Volvo from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, AB Volvo has a consensus rating of “Hold”.

AB Volvo Price Performance

AB Volvo stock opened at $38.53 on Friday. The firm has a market cap of $78.35 billion, a P/E ratio of 18.89, a P/E/G ratio of 9.06 and a beta of 1.15. The stock’s 50 day moving average is $34.14 and its 200 day moving average is $30.77. 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 one year low of $22.55 and a one year high of $39.62.

AB Volvo (OTCMKTS:VLVLY) last released its quarterly earnings results on Wednesday, January 28th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.04. AB Volvo had a net margin of 8.47% and a return on equity of 23.01%. The firm had revenue of $14.01 billion during the quarter, compared to analyst estimates of $13.42 billion. As a group, research analysts expect 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.