AB Volvo (OTCMKTS:VLVLY) Downgraded to "Strong Sell" Rating by Zacks Research

Key Points

• AB Volvo was downgraded by Zacks Research from a "hold" rating to a "strong sell" rating, indicating a significant change in the outlook for the company's stock.
• Goldman Sachs and Sanford C. Bernstein have also made notable rating changes, with Goldman Sachs lowering the rating to "neutral" and Bernstein upgrading it to "hold".
• AB Volvo's most recent quarterly earnings report showed an EPS of $0.39, falling short of analyst expectations of $0.52, which could impact investor sentiment.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) was downgraded by research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued on Monday,Zacks.com reports.

Other analysts have also issued research reports about the company. The Goldman Sachs Group lowered AB Volvo from a "buy" rating to a "neutral" rating in a report on Monday, September 8th. Sanford C. Bernstein upgraded AB Volvo from a "strong sell" rating to a "hold" rating in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, AB Volvo has a consensus rating of "Hold".

AB Volvo Stock Down 0.3%

Shares of AB Volvo stock traded down $0.08 during trading on Monday, reaching $27.25. The stock had a trading volume of 20,903 shares, compared to its average volume of 138,510. The company has a market capitalization of $55.41 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 3.89 and a beta of 1.16. The stock has a fifty day moving average price of $29.32 and a two-hundred day moving average price of $28.16. AB Volvo has a 52 week low of $22.55 and a 52 week high of $33.33. The company has a current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.88.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) last issued its quarterly earnings results on Friday, October 17th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.13). AB Volvo had a net margin of 8.47% and a return on equity of 22.61%. The firm had revenue of $11.75 billion during the quarter, compared to the consensus estimate of $115.79 billion. Sell-side analysts predict that AB Volvo will post 2.38 EPS for the current fiscal 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.

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