AB Volvo (OTCMKTS:VLVLY) Stock Price Up 1.7% – What’s Next?

AB Volvo (OTCMKTS:VLVLY) shot up 1.7% on Wednesday . The company traded as high as $28.25 and last traded at $28.08. 79,950 shares were traded during mid-day trading, a decline of 6% from the average session volume of 85,026 shares. The stock had previously closed at $27.61.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. The Goldman Sachs Group downgraded AB Volvo from a “buy” rating to a “neutral” rating in a research report on Monday, September 8th. Zacks Research lowered shares of AB Volvo from a “hold” rating to a “strong sell” rating in a report on Monday, October 20th. Finally, Sanford C. Bernstein raised shares of AB Volvo from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, AB Volvo currently has an average rating of “Hold”.

AB Volvo Price Performance

The company has a 50-day moving average of $28.23 and a two-hundred day moving average of $28.45. 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 has a market capitalization of $57.10 billion, a PE ratio of 13.83, a P/E/G ratio of 7.49 and a beta of 1.17.

AB Volvo (OTCMKTS:VLVLY) last posted its quarterly earnings data on Friday, October 17th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.13). The company had revenue of $11.75 billion for the quarter, compared to analyst estimates of $115.79 billion. AB Volvo had a net margin of 8.47% and a return on equity of 22.66%. Sell-side analysts predict that AB Volvo will post 2.38 EPS for the current fiscal year.

AB Volvo Company Profile

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.