AB Volvo (publ) (OTCMKTS:VLVLY) Given Average Rating of “Moderate Buy” by Analysts

AB Volvo (publ) (OTCMKTS:VLVLY) has earned an average rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. Three research 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.

Several analysts have recently commented on VLVLY shares. JPMorgan Chase & Co. upgraded shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. Citigroup raised shares of AB Volvo (publ) to a “hold” rating in a research note on Friday, October 11th. UBS Group raised shares of AB Volvo (publ) from a “sell” rating to a “neutral” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus raised shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Monday, October 21st.

AB Volvo (publ) Stock Up 7.6 %

VLVLY stock opened at $28.06 on Thursday. The company’s 50 day simple moving average is $25.09 and its 200-day simple moving average is $25.38. The firm has a market capitalization of $57.05 billion, a PE ratio of 11.60 and a beta of 1.29. AB Volvo has a 12 month low of $23.27 and a 12 month high of $30.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.29 and a quick ratio of 0.97.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.49 EPS for the quarter. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.41%. Equities analysts expect that AB Volvo will post 2.25 earnings per share 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.