AB Volvo (OTCMKTS:VLVLY) Sets New 12-Month High – Here’s What Happened

AB Volvo (OTCMKTS:VLVLY)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $39.40 and last traded at $39.03, with a volume of 7012 shares. The stock had previously closed at $38.6150.

Analyst Ratings Changes

Several research firms have issued reports on VLVLY. Citigroup raised AB Volvo from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 5th. Kepler Capital Markets reissued a “hold” rating on shares of AB Volvo in a research report on Friday, January 16th. Morgan Stanley lowered shares of AB Volvo from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 13th. UBS Group cut shares of AB Volvo from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, January 13th. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

AB Volvo Stock Up 1.6%

The company has a current ratio of 1.12, a quick ratio of 0.85 and a debt-to-equity ratio of 0.79. The company has a market cap of $79.75 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 9.03 and a beta of 1.15. The firm’s fifty day simple moving average is $33.64 and its 200 day simple moving average is $30.58.

AB Volvo (OTCMKTS:VLVLY) last posted its 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. AB Volvo had a return on equity of 23.01% and a net margin of 8.47%.The firm had revenue of $14.01 billion for the quarter, compared to analyst estimates of $13.42 billion. Sell-side analysts predict that AB Volvo will post 2.38 earnings per share 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.