AB Volvo (OTCMKTS:VLVLY) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of AB Volvo (OTCMKTS:VLVLY - Get Free Report) have received an average rating of "Moderate Buy" from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company.

A number of equities analysts recently commented on VLVLY shares. Sanford C. Bernstein began coverage on AB Volvo in a research note on Tuesday, April 1st. They issued an "underperform" rating for the company. Royal Bank Of Canada raised AB Volvo from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 15th. Barclays downgraded AB Volvo from an "equal weight" rating to an "underweight" rating in a report on Tuesday, March 25th. Finally, UBS Group raised AB Volvo from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 26th.

AB Volvo Stock Down 1.2%

AB Volvo stock traded down $0.34 during midday trading on Friday, hitting $27.15. 71,735 shares of the company were exchanged, compared to its average volume of 75,935. The company has a market cap of $55.21 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 3.14 and a beta of 1.20. AB Volvo has a fifty-two week low of $22.55 and a fifty-two week high of $33.33. The company's fifty day moving average price is $27.40 and its 200-day moving average price is $27.56. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.04.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.10). The firm had revenue of $12.79 billion during the quarter, compared to analysts' expectations of $131.15 billion. AB Volvo had a net margin of 8.93% and a return on equity of 24.36%. On average, research 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.