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

AB Volvo (OTCMKTS:VLVLY - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company.

VLVLY has been the topic of a number of research analyst reports. UBS Group raised shares of AB Volvo from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 26th. Royal Bank Of Canada raised shares of AB Volvo from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 15th. Sanford C. Bernstein assumed coverage on shares of AB Volvo in a report on Tuesday, April 1st. They issued an "underperform" rating on the stock. Finally, Barclays lowered shares of AB Volvo from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, March 25th.

AB Volvo Stock Down 0.1%

OTCMKTS:VLVLY traded down $0.03 on Friday, hitting $26.69. 67,378 shares of the company's stock were exchanged, compared to its average volume of 75,156. The firm has a 50-day moving average price of $27.34 and a 200-day moving average price of $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 has a 52 week low of $22.55 and a 52 week high of $33.33. The company has a market cap of $54.27 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 2.91 and a beta of 1.20.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.10). AB Volvo had a return on equity of 24.36% and a net margin of 8.93%. The business had revenue of $12.79 billion for the quarter, compared to the consensus estimate of $131.15 billion. As a group, analysts expect that AB Volvo will post 2.38 EPS for the current fiscal year.

AB Volvo Company Profile

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.