AB Volvo (OTCMKTS:VLVLY) Rating Lowered to "Neutral" at The Goldman Sachs Group

Key Points

• AB Volvo has been downgraded from a "buy" rating to a "neutral" rating by The Goldman Sachs Group.
• The company's recent quarterly earnings reported a profit of $0.69 per share, exceeding analysts' expectations of $0.53.
• AB Volvo's stock is trading at $29.51, with a market capitalization of $60.01 billion and has experienced a 52-week price range between $22.55 and $33.33.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) was downgraded by The Goldman Sachs Group from a "buy" rating to a "neutral" rating in a report released on Monday,Briefing.com Automated Import reports.

AB Volvo Trading Up 1.0%

Shares of AB Volvo stock opened at $29.51 on Monday. The firm has a 50-day simple moving average of $29.27 and a two-hundred day simple moving average of $28.61. The company has a market cap of $60.01 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 4.13 and a beta of 1.16. AB Volvo has a fifty-two week low of $22.55 and a fifty-two week high of $33.33. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.86 and a current ratio of 1.11.

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