AB Volvo (publ) (OTCMKTS:VLVLY) Lifted to “Buy” at Stifel Nicolaus

AB Volvo (publ) (OTCMKTS:VLVLY) was upgraded by stock analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, Briefing.com reports.

Several other analysts have also issued reports on VLVLY. Citigroup upgraded shares of AB Volvo (publ) to a “hold” rating in a research report on Friday, October 11th. Hsbc Global Res upgraded AB Volvo (publ) to a “strong-buy” rating in a research report on Friday, August 30th. Barclays assumed coverage on AB Volvo (publ) in a research note on Wednesday, July 10th. They issued an “equal weight” rating on the stock. Finally, HSBC raised AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AB Volvo (publ) currently has an average rating of “Moderate Buy”.

AB Volvo (publ) Stock Performance

OTCMKTS:VLVLY opened at $26.02 on Monday. AB Volvo has a 1-year low of $19.26 and a 1-year high of $30.14. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.14 and a quick ratio of 0.88. The business has a 50 day moving average of $25.64 and a 200 day moving average of $25.79. The company has a market capitalization of $52.90 billion, a price-to-earnings ratio of 10.75 and a beta of 1.33.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its quarterly earnings data on Friday, October 18th. The company reported $0.47 earnings per share for the quarter. AB Volvo (publ) had a net margin of 10.11% and a return on equity of 32.00%. The firm had revenue of $11.23 billion during the quarter. On average, sell-side analysts predict that AB Volvo will post 2.49 earnings per share for the current fiscal year.

About AB Volvo (publ)

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.