AB Volvo (OTCMKTS:VLVLY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of AB Volvo (OTCMKTS:VLVLY) have been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a strong buy rating on the company.

VLVLY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft cut AB Volvo from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Zacks Research upgraded shares of AB Volvo from a “strong sell” rating to a “hold” rating in a research report on Friday, December 19th. Sanford C. Bernstein upgraded shares of AB Volvo from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. The Goldman Sachs Group cut shares of AB Volvo from a “buy” rating to a “neutral” rating in a research note on Monday, September 8th. Finally, Citigroup upgraded shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th.

AB Volvo Trading Up 0.6%

VLVLY stock opened at $31.80 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.12 and a quick ratio of 0.85. AB Volvo has a 1-year low of $22.55 and a 1-year high of $33.33. The business has a 50 day simple moving average of $29.03 and a two-hundred day simple moving average of $28.93. The company has a market capitalization of $64.66 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 6.84 and a beta of 1.14.

AB Volvo (OTCMKTS:VLVLY) last issued its earnings results on Friday, October 17th. The company reported $0.39 earnings per share 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 the consensus estimate of $115.79 billion. AB Volvo had a return on equity of 22.66% and a net margin of 8.47%. Research analysts anticipate that AB Volvo will post 2.38 EPS for the current fiscal 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.