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

AB Volvo (OTCMKTS:VLVLY) has earned a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a strong buy rating to the company.

VLVLY has been the topic of several analyst reports. Morgan Stanley lowered shares of AB Volvo from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 13th. Kepler Capital Markets reiterated a “hold” rating on shares of AB Volvo in a research note on Friday, January 16th. Citigroup upgraded AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th. Sanford C. Bernstein upgraded AB Volvo from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Zacks Research raised AB Volvo from a “strong sell” rating to a “hold” rating in a research note on Friday, December 19th.

AB Volvo Price Performance

AB Volvo stock opened at $38.48 on Thursday. The firm has a market cap of $78.25 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 9.02 and a beta of 1.15. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.12 and a quick ratio of 0.85. The stock’s fifty day moving average price is $33.46 and its two-hundred day moving average price is $30.52. AB Volvo has a one year low of $22.55 and a one year high of $39.20.

AB Volvo (OTCMKTS:VLVLY) last released its 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 return on equity of 23.01% and a net margin of 8.47%.The company had revenue of $14.01 billion for 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 fiscal 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.