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

Key Points

• AB Volvo has received a consensus recommendation of "Hold" from seven brokerages, with ratings ranging from sell to strong buy.
• The company was downgraded by The Goldman Sachs Group from a "buy" to a "neutral" rating.
• AB Volvo reported earnings of $0.69 per share for the last quarter, exceeding analysts' expectations, but had a revenue of $12.59 billion against a forecast of $122.35 billion.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) has been assigned an average recommendation of "Hold" from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Separately, The Goldman Sachs Group downgraded AB Volvo from a "buy" rating to a "neutral" rating in a research report on Monday.

AB Volvo Price Performance

Shares of OTCMKTS:VLVLY traded down $0.24 on Monday, hitting $29.31. The company had a trading volume of 40,024 shares, compared to its average volume of 149,172. The business has a 50 day moving average of $29.36 and a 200 day moving average of $28.60. 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 $59.61 billion, a PE ratio of 13.89, a PEG ratio of 4.08 and a beta of 1.16. The company has a current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.88.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.16. AB Volvo had a return on equity of 23.77% and a net margin of 8.90%.The firm had revenue of $12.59 billion for the quarter, compared to the consensus estimate of $122.35 billion. As a group, equities analysts anticipate 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.