AB Volvo (OTCMKTS:VLVLY) Receives Consensus Rating of “Hold” from Brokerages

Shares of AB Volvo (OTCMKTS:VLVLY) have received an average recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a strong buy recommendation to the company.

A number of equities analysts recently weighed in on the company. The Goldman Sachs Group upgraded AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Kepler Capital Markets reiterated a “hold” rating on shares of AB Volvo in a research report on Friday, January 16th. Morgan Stanley lowered AB Volvo from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 13th. UBS Group downgraded AB Volvo from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Finally, Royal Bank Of Canada downgraded AB Volvo from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 13th.

AB Volvo Trading Down 2.1%

OTCMKTS:VLVLY opened at $33.83 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.79. AB Volvo has a 1-year low of $26.11 and a 1-year high of $39.62. The firm has a market capitalization of $68.79 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21. The stock has a fifty day simple moving average of $35.14 and a 200 day simple moving average of $32.61.

AB Volvo (OTCMKTS:VLVLY) last released its quarterly earnings results on Wednesday, January 28th. The company reported $0.50 earnings per share for the quarter, beating 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 business had revenue of $14.01 billion during the quarter, compared to analyst estimates of $13.42 billion. Sell-side analysts forecast that AB Volvo will post 2.26 earnings per share for the current year.

About AB Volvo

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.