AB Volvo (OTCMKTS:VLVLY) Receives Consensus Recommendation of “Hold” from Analysts

AB Volvo (OTCMKTS:VLVLY) has earned an average recommendation of “Hold” from the ten analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a strong buy rating on the company.

Several analysts recently commented on VLVLY shares. Deutsche Bank Aktiengesellschaft cut 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 note on Wednesday, January 7th. Kepler Capital Markets restated a “hold” rating on shares of AB Volvo in a report on Friday, January 16th. Morgan Stanley downgraded shares of AB Volvo from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 13th. Finally, Royal Bank Of Canada cut AB Volvo from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 13th.

AB Volvo Trading Up 0.3%

OTCMKTS VLVLY opened at $38.85 on Monday. The firm’s 50 day moving average price is $35.56 and its two-hundred day moving average price is $31.44. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.85 and a current ratio of 1.12. AB Volvo has a twelve month low of $22.55 and a twelve month high of $39.62. The stock has a market cap of $79.00 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 9.14 and a beta of 1.13.

AB Volvo (OTCMKTS:VLVLY) last issued its earnings results on Wednesday, January 28th. The company reported $0.50 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 business had revenue of $14.01 billion during the quarter, compared to analysts’ expectations of $13.42 billion. Equities analysts anticipate that AB Volvo will post 2.38 EPS 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.