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

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

A number of equities research analysts have recently issued reports on VLVLY shares. Morgan Stanley cut AB Volvo from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft downgraded shares of AB Volvo from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. The Goldman Sachs Group raised shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Royal Bank Of Canada cut shares of AB Volvo from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 13th. Finally, Kepler Capital Markets reissued a “hold” rating on shares of AB Volvo in a research report on Friday, January 16th.

AB Volvo Price Performance

OTCMKTS:VLVLY opened at $31.40 on Friday. AB Volvo has a 52-week low of $22.55 and a 52-week high of $39.62. The company has a market cap of $63.85 billion, a P/E ratio of 15.39, a P/E/G ratio of 7.38 and a beta of 1.13. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.85 and a current ratio of 1.12. The stock’s 50-day simple moving average is $36.13 and its 200 day simple moving average is $31.99.

AB Volvo (OTCMKTS:VLVLY) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.46 by $0.04. The firm had revenue of $14.01 billion during the quarter, compared to analysts’ expectations of $13.42 billion. AB Volvo had a return on equity of 23.01% and a net margin of 8.47%. As a group, sell-side analysts forecast that AB Volvo will post 2.38 EPS 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.