Shares of AB Volvo (OTCMKTS:VLVLY – Get Free Report) have earned a consensus recommendation of “Hold” from the ten analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have issued a strong buy recommendation on the company.
VLVLY has been the topic of a number of research analyst reports. Citigroup cut AB Volvo from a “strong-buy” rating to a “hold” rating in a report on Monday, November 2nd. Erste Group Bank downgraded AB Volvo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 21st. Finally, Zacks Research lowered AB Volvo from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th.
Check Out Our Latest Analysis on VLVLY
AB Volvo Stock Up 3.3%
Shares of VLVLY opened at $32.46 on Tuesday. AB Volvo has a fifty-two week low of $26.96 and a fifty-two week high of $39.62. The company’s fifty day moving average is $32.80 and its two-hundred day moving average is $34.70. The firm has a market cap of $66.01 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 0.83 and a beta of 1.24. The company has a quick ratio of 0.82, a current ratio of 1.10 and a debt-to-equity ratio of 0.85.
AB Volvo (OTCMKTS:VLVLY – Get Free Report) last released its quarterly earnings data on Friday, October 23rd. The company reported $0.55 EPS for the quarter, hitting analysts’ consensus estimates of $0.55. The business had revenue of $12.04 billion during the quarter, compared to the consensus estimate of $12.53 billion. AB Volvo had a return on equity of 21.50% and a net margin of 8.12%. Analysts forecast that AB Volvo will post 2.11 earnings per share for the current year.
AB Volvo Company Profile
AB Volvo, commonly known as the Volvo Group, is a Swedish manufacturer of commercial vehicles and industrial equipment. Founded in Gothenburg in 1927, the company operates separately from Volvo Cars.
Its products include trucks, buses, construction equipment, and engines for marine and industrial applications. The group also provides aftermarket services, such as maintenance, repairs, and parts, as well as financing and other customer services.
AB Volvo serves customers across markets worldwide through a network of manufacturing, sales, and service operations.
See Also
- Five stocks we like better than AB Volvo
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Receive News & Ratings for AB Volvo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AB Volvo and related companies with MarketBeat.com's FREE daily email newsletter.
