AB Volvo (OTCMKTS:VLVLY) Given Consensus Rating 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.

Shares of AB Volvo (OTCMKTS:VLVLY - Get Free Report) have earned an average rating of "Hold" from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company.

Separately, The Goldman Sachs Group downgraded AB Volvo from a "buy" rating to a "neutral" rating in a research report on Monday, September 8th.

AB Volvo Price Performance

Shares of OTCMKTS VLVLY traded down $0.24 during midday trading on Monday, hitting $29.31. The stock had a trading volume of 40,024 shares, compared to its average volume of 46,498. The company has a market capitalization of $59.61 billion, a PE ratio of 13.89, a P/E/G ratio of 4.13 and a beta of 1.16. The stock has a 50 day simple moving average of $29.39 and a 200-day simple moving average of $28.58. AB Volvo has a 1 year low of $22.55 and a 1 year high of $33.33. The company has a quick ratio of 0.86, a current ratio of 1.11 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, beating the consensus estimate of $0.53 by $0.16. The business had revenue of $12.59 billion for the quarter, compared to the consensus estimate of $122.35 billion. AB Volvo had a return on equity of 23.77% and a net margin of 8.90%. On average, sell-side analysts expect that AB Volvo will post 2.38 EPS 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.