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

Shares of AB Volvo (OTCMKTS:VLVLY) have received an average rating of “Moderate Buy” from the eleven brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a strong buy rating to the company.

A number of equities analysts have recently issued reports on VLVLY shares. Erste Group Bank upgraded AB Volvo to a “strong-buy” rating in a report on Wednesday. Pareto Securities upgraded AB Volvo to a “strong-buy” rating in a research report on Thursday, June 11th.

AB Volvo Stock Performance

AB Volvo stock opened at $37.57 on Friday. AB Volvo has a fifty-two week low of $26.11 and a fifty-two week high of $39.62. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.91 and a current ratio of 1.10. The stock has a market cap of $76.40 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 0.85 and a beta of 1.18. The firm’s fifty day moving average price is $35.01 and its 200-day moving average price is $35.18.

AB Volvo (OTCMKTS:VLVLY) last announced its earnings results on Friday, July 17th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. AB Volvo had a net margin of 7.60% and a return on equity of 20.16%. The company had revenue of $13.09 billion during the quarter, compared to analyst estimates of $12.92 billion. On average, equities research analysts expect that AB Volvo will post 2.51 earnings per share for the current fiscal year.

AB Volvo Company Profile

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.