AB Volvo (OTCMKTS:VLVLY) Stock Now Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• AB Volvo has a consensus “Moderate Buy” rating from ten covering analysts: four rate it a strong buy, four recommend holding, and two rate it a sell. Recent changes included Zacks Research downgrading the stock to “strong sell” and Erste Group Bank upgrading it to “strong buy.”
• The stock opened at $32.19, with a $65.46 billion market capitalization, a P/E ratio of 17.12, and a one-year trading range of $26.11 to $39.62.
• In its latest quarter, Volvo reported earnings of $0.54 per share, in line with estimates, while revenue of $13.09 billion exceeded the $12.92 billion consensus forecast. Analysts expect full-year EPS of approximately $2.13.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) has earned a consensus rating of "Moderate Buy" from the ten ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a strong buy rating on the company.

Several research analysts recently issued reports on the stock. Zacks Research cut shares of AB Volvo from a "hold" rating to a "strong sell" rating in a report on Monday, October 5th. Erste Group Bank raised AB Volvo to a "strong-buy" rating in a report on Wednesday, August 5th.

AB Volvo Stock Up 1.6%

Shares of AB Volvo stock opened at $32.19 on Friday. The company has a market cap of $65.46 billion, a P/E ratio of 17.12, a PEG ratio of 0.75 and a beta of 1.22. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.82 and a current ratio of 1.10. AB Volvo has a one year low of $26.11 and a one year high of $39.62. The firm has a fifty day moving average of $34.36 and a two-hundred day moving average of $34.54.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) last issued its earnings results on Friday, July 17th. The company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. AB Volvo had a net margin of 7.60% and a return on equity of 20.16%. The business had revenue of $13.09 billion for the quarter, compared to the consensus estimate of $12.92 billion. On average, analysts forecast that AB Volvo will post 2.13 earnings per share for the current year.

AB Volvo Company Profile

AB Volvo, commonly known as the Volvo Group, is a Sweden-based manufacturer of commercial vehicles and related equipment. The company develops and sells heavy-duty trucks under brands including Volvo Trucks, Mack, Renault Trucks and UD Trucks, serving industries such as freight transportation, construction and distribution.

In addition to trucks, Volvo Group provides buses and coaches, construction equipment, and marine and industrial engines. Its offerings are supported by aftermarket services, spare parts, maintenance, repair and fleet-management solutions designed to help customers operate and maintain their vehicles and equipment.

Founded in 1927 and headquartered in Gothenburg, Sweden, AB Volvo serves customers through operations and sales networks across Europe, North America, South America, Asia, Africa and Oceania.

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