AB Volvo (OTCMKTS:VLVLY) Raised to "Hold" at Sanford C. Bernstein

Key Points

• AB Volvo was upgraded from a "strong sell" to a "hold" rating by Sanford C. Bernstein, while simultaneously being downgraded from "buy" to "neutral" by The Goldman Sachs Group.
• The company's latest earnings report showed an EPS of $0.69, surpassing expectations, with a revenue of $12.59 billion for the quarter.
• Currently, AB Volvo has an average rating of "Moderate Buy" among analysts, with one Strong Buy, two Buy, two Hold, and one Sell ratings.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) was upgraded by equities research analysts at Sanford C. Bernstein from a "strong sell" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

Separately, The Goldman Sachs Group downgraded shares of AB Volvo from a "buy" rating to a "neutral" rating in a research note on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy".

AB Volvo Trading Up 0.4%

VLVLY opened at $27.90 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.86 and a current ratio of 1.11. The stock's 50 day moving average price is $29.57 and its 200-day moving average price is $28.18. AB Volvo has a one year low of $22.55 and a one year high of $33.33. The stock has a market cap of $56.73 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 3.94 and a beta of 1.16.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.16. AB Volvo had a return on equity of 23.77% and a net margin of 8.90%.The company had revenue of $12.59 billion during the quarter, compared to analysts' expectations of $122.35 billion. On average, equities analysts forecast that AB Volvo will post 2.38 EPS 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.

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