AB Volvo (VLVLY) Projected to Post Earnings on Wednesday

AB Volvo (OTCMKTS:VLVLY) is projected to issue its results before the market opens on Wednesday, January 28th. Analysts expect the company to announce earnings of $0.46 per share and revenue of $13.4204 billion for the quarter.

AB Volvo Stock Up 0.5%

Shares of OTCMKTS:VLVLY opened at $35.13 on Monday. AB Volvo has a 52 week low of $22.55 and a 52 week high of $35.23. The company has a 50 day moving average price of $31.60 and a two-hundred day moving average price of $29.82. The company has a market capitalization of $71.44 billion, a PE ratio of 17.31, a PEG ratio of 5.93 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.

Analysts Set New Price Targets

Several brokerages recently commented on VLVLY. Kepler Capital Markets reiterated a “hold” rating on shares of AB Volvo in a report on Friday, January 16th. UBS Group lowered shares of AB Volvo from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Zacks Research raised shares of AB Volvo from a “strong sell” rating to a “hold” rating in a research report on Friday, December 19th. Citigroup upgraded AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Finally, Deutsche Bank Aktiengesellschaft lowered AB Volvo from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

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.