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

AB Volvo (publ) (OTCMKTS:VLVLY) has earned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company.

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

AB Volvo (publ) Price Performance

OTCMKTS:VLVLY opened at $24.05 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.88 and a current ratio of 1.14. The company has a 50-day moving average of $25.14 and a 200-day moving average of $25.37. AB Volvo has a 52 week low of $23.27 and a 52 week high of $30.14. The company has a market capitalization of $48.89 billion, a price-to-earnings ratio of 9.94 and a beta of 1.30.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its quarterly earnings results on Friday, October 18th. The company reported $0.47 EPS for the quarter. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.91%. The firm had revenue of $11.23 billion during the quarter. As a group, equities research analysts anticipate that AB Volvo will post 2.34 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.