AB Volvo (OTCMKTS:VLVLY - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $28.15, but opened at $29.95. AB Volvo shares last traded at $30.01, with a volume of 7,312 shares changing hands.
Wall Street Analysts Forecast Growth
VLVLY has been the topic of several research reports. Sanford C. Bernstein initiated coverage on AB Volvo in a report on Tuesday, April 1st. They issued an "underperform" rating on the stock. Royal Bank Of Canada raised AB Volvo from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, AB Volvo currently has an average rating of "Moderate Buy".
Read Our Latest Analysis on VLVLY
AB Volvo Trading Up 0.8%
The company has a quick ratio of 1.04, a current ratio of 1.32 and a debt-to-equity ratio of 0.79. The firm has a market cap of $61.44 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 3.63 and a beta of 1.18. The business has a 50 day moving average of $27.87 and a 200 day moving average of $28.11.
AB Volvo (OTCMKTS:VLVLY - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.16. AB Volvo had a return on equity of 23.45% and a net margin of 8.90%. The firm had revenue of $12.59 billion for the quarter, compared to analyst estimates of $122.35 billion. On average, research analysts forecast that AB Volvo will post 2.38 earnings per share for the current fiscal year.
About AB Volvo
(
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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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