AB Volvo (publ) (OTCMKTS:VLVLY) Upgraded to “Buy” by HSBC

HSBC upgraded shares of AB Volvo (publ) (OTCMKTS:VLVLY) from a hold rating to a buy rating in a research report report published on Friday, Marketbeat reports.

Separately, Barclays started coverage on shares of AB Volvo (publ) in a research note on Wednesday, July 10th. They set an equal weight rating on the stock. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy.

AB Volvo (publ) Stock Up 1.1 %

Shares of VLVLY stock opened at $26.54 on Friday. 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 company has a market cap of $53.96 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 0.65 and a beta of 1.33. The stock’s fifty day moving average price is $25.41 and its 200 day moving average price is $26.43. AB Volvo has a 1-year low of $19.26 and a 1-year high of $30.14.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its quarterly earnings data on Thursday, July 18th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. AB Volvo (publ) had a return on equity of 32.00% and a net margin of 10.11%. The business had revenue of $13.12 billion for the quarter. On average, research analysts expect that AB Volvo will post 2.44 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.