AB Volvo (publ) (OTCMKTS:VLVLY) Receives Average Recommendation of “Moderate Buy” from Analysts

AB Volvo (publ) (OTCMKTS:VLVLY) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company.

VLVLY has been the topic of several analyst reports. UBS Group upgraded AB Volvo (publ) from a “sell” rating to a “neutral” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upgraded shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Citigroup upgraded shares of AB Volvo (publ) to a “hold” rating in a report on Friday, October 11th. Finally, Stifel Nicolaus upgraded AB Volvo (publ) from a “hold” rating to a “buy” rating in a report on Monday, October 21st.

AB Volvo (publ) Stock Up 0.4 %

Shares of OTCMKTS VLVLY opened at $24.15 on Friday. The stock has a market cap of $49.10 billion, a PE ratio of 9.98 and a beta of 1.30. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.91. AB Volvo has a 12-month low of $23.27 and a 12-month high of $30.14. The company has a 50-day moving average of $25.10 and a 200 day moving average of $25.36.

AB Volvo (publ) (OTCMKTS:VLVLY) last posted its quarterly earnings results on Friday, October 18th. The company reported $0.47 earnings per share (EPS) for the quarter. AB Volvo (publ) had a return on equity of 29.91% and a net margin of 9.64%. The business had revenue of $11.23 billion during the quarter. As a group, sell-side analysts predict that AB Volvo will post 2.34 EPS for the current fiscal year.

AB Volvo (publ) Company Profile

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.