AB Volvo (OTCMKTS:VLVLY) Receives Consensus Recommendation of “Hold” from Analysts

AB Volvo (OTCMKTS:VLVLY) has been assigned an average rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company.

Separately, The Goldman Sachs Group downgraded AB Volvo from a “buy” rating to a “neutral” rating in a research report on Monday.

AB Volvo Trading Down 2.3%

OTCMKTS VLVLY traded down $0.69 during trading on Monday, hitting $28.82. The stock had a trading volume of 3,863 shares, compared to its average volume of 152,283. AB Volvo has a twelve month low of $22.55 and a twelve month high of $33.33. The company has a market capitalization of $58.60 billion, a PE ratio of 13.66, a PEG ratio of 4.13 and a beta of 1.16. The company has a quick ratio of 0.86, a current ratio of 1.11 and a debt-to-equity ratio of 0.88. The firm has a 50 day moving average price of $29.27 and a 200 day moving average price of $28.61.

AB Volvo (OTCMKTS:VLVLY) last posted its earnings results on Thursday, July 17th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.16. The firm had revenue of $12.59 billion during the quarter, compared to analysts’ expectations of $122.35 billion. AB Volvo had a return on equity of 23.77% and a net margin of 8.90%. As a group, equities research analysts forecast that AB Volvo will post 2.38 earnings per share for the current year.

About AB Volvo

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.