AB Volvo (OTCMKTS:VLVLY) Sees Large Volume Increase – Still a Buy?

AB Volvo (OTCMKTS:VLVLY) saw strong trading volume on Tuesday . 405,620 shares changed hands during mid-day trading, an increase of 173% from the previous session’s volume of 148,548 shares.The stock last traded at $34.01 and had previously closed at $33.97.

Analysts Set New Price Targets

Separately, Pareto Securities raised shares of AB Volvo to a “strong-buy” rating in a report on Thursday, June 11th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, AB Volvo presently has a consensus rating of “Moderate Buy”.

AB Volvo Price Performance

The stock has a market cap of $69.32 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 0.74 and a beta of 1.18. The stock’s 50 day moving average price is $34.33 and its two-hundred day moving average price is $34.26. The company has a quick ratio of 0.91, a current ratio of 1.19 and a debt-to-equity ratio of 0.80.

AB Volvo (OTCMKTS:VLVLY) last issued its quarterly earnings data on Friday, April 24th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.06). The company had revenue of $11.98 billion during the quarter, compared to analyst estimates of $12.42 billion. AB Volvo had a net margin of 8.32% and a return on equity of 22.17%. Equities research analysts forecast that AB Volvo will post 2.33 EPS for the current fiscal year.

About AB Volvo

AB Volvo (Volvo Group) is a Swedish multinational manufacturing company headquartered in Gothenburg. The company designs, manufactures and sells a broad range of commercial vehicles and related systems, including heavy- and medium-duty trucks, buses, and construction equipment. In addition to vehicles and machinery, Volvo supplies marine and industrial power systems through its Volvo Penta division and offers parts, service, telematics and financing solutions to commercial customers worldwide.

Key product and business lines include Volvo Trucks and Mack-branded heavy trucks, a global bus and coach offering, Volvo Construction Equipment, and power systems for marine and industrial applications.