AB Volvo (OTCMKTS:VLVLY) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts give AB Volvo an average rating of Hold from nine covering firms, with the breakdown being 1 sell, 6 hold and 2 strong buy.
• On Jan. 28 AB Volvo reported quarterly EPS of $0.50 (beating the $0.46 consensus) and revenue of $14.01 billion (vs. $13.42B), alongside a 23.01% ROE and 8.47% net margin.
• Analyst opinions are sharply split—UBS downgraded the stock from strong-buy to strong sell while Goldman Sachs and Citigroup upgraded it to strong-buy, signaling divergent views on the company’s outlook.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) has earned an average rating of "Hold" from the nine analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a strong buy rating on the company.

VLVLY has been the subject of several research analyst reports. UBS Group downgraded AB Volvo from a "strong-buy" rating to a "strong sell" rating in a research note on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft downgraded shares of AB Volvo from a "buy" rating to a "hold" rating in a research note on Tuesday, December 9th. Morgan Stanley lowered shares of AB Volvo from an "overweight" rating to an "equal weight" rating in a report on Tuesday, January 13th. Citigroup raised shares of AB Volvo from a "hold" rating to a "strong-buy" rating in a research note on Friday, December 5th. Finally, The Goldman Sachs Group upgraded shares of AB Volvo from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 7th.

AB Volvo Trading Down 2.7%

Shares of VLVLY opened at $31.57 on Friday. AB Volvo has a 52-week low of $22.55 and a 52-week high of $39.62. The business's fifty day moving average is $36.18 and its 200-day moving average is $31.94. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.85 and a current ratio of 1.12. The firm has a market cap of $64.20 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 7.63 and a beta of 1.13.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.04. The business had revenue of $14.01 billion during the quarter, compared to the consensus estimate of $13.42 billion. AB Volvo had a return on equity of 23.01% and a net margin of 8.47%. Equities analysts anticipate that AB Volvo will post 2.38 EPS for the current fiscal year.

About AB Volvo

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.