AB Volvo (OTCMKTS:VLVLY) Receives Consensus Rating of “Hold” from Brokerages

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

Several research analysts have recently issued reports on the company. UBS Group cut AB Volvo from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Morgan Stanley downgraded shares of AB Volvo from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 13th. Sanford C. Bernstein upgraded shares of AB Volvo from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Citigroup raised shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Finally, The Goldman Sachs Group raised shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th.

AB Volvo Stock Performance

Shares of AB Volvo stock traded down $0.18 during midday trading on Friday, hitting $33.89. The company had a trading volume of 67,352 shares, compared to its average volume of 73,567. The company has a fifty day simple moving average of $30.98 and a 200 day simple moving average of $29.59. The stock has a market cap of $68.91 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 5.72 and a beta of 1.13. The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.79. AB Volvo has a 12-month low of $22.55 and a 12-month high of $34.22.

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