AB Volvo (OTCMKTS:VLVLY - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $27.83, but opened at $26.86. AB Volvo shares last traded at $27.02, with a volume of 20,684 shares changing hands.
Analyst Upgrades and Downgrades
VLVLY has been the topic of a number of recent analyst reports. Sanford C. Bernstein initiated coverage on shares of AB Volvo in a research report on Tuesday, April 1st. They issued an "underperform" rating on the stock. Barclays downgraded shares of AB Volvo from an "equal weight" rating to an "underweight" rating in a research report on Tuesday, March 25th. Finally, Royal Bank Of Canada raised shares of AB Volvo from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, AB Volvo presently has a consensus rating of "Moderate Buy".
Read Our Latest Research Report on VLVLY
AB Volvo Price Performance
The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.04. The company's 50 day moving average is $27.80 and its 200 day moving average is $27.89. The stock has a market cap of $54.96 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 3.27 and a beta of 1.18.
AB Volvo (OTCMKTS:VLVLY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.10). AB Volvo had a net margin of 8.93% and a return on equity of 24.36%. The company had revenue of $12.79 billion during the quarter, compared to analyst estimates of $131.15 billion. Research analysts forecast that AB Volvo will post 2.38 earnings per share for the current fiscal year.
About AB Volvo
(
Get Free Report)
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.
Further Reading
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