AB Volvo (publ) (OTCMKTS:VLVLY) Given Average Rating of “Moderate Buy” by Analysts

AB Volvo (publ) (OTCMKTS:VLVLY) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company.

VLVLY has been the subject of several research reports. Hsbc Global Res upgraded shares of AB Volvo (publ) to a “strong-buy” rating in a research report on Friday, August 30th. HSBC upgraded shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. Finally, Barclays began coverage on AB Volvo (publ) in a research report on Wednesday, July 10th. They issued an “equal weight” rating on the stock.

AB Volvo (publ) Stock Performance

Shares of OTCMKTS:VLVLY opened at $25.74 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.14 and a quick ratio of 0.88. The business’s fifty day moving average price is $25.41 and its two-hundred day moving average price is $26.43. AB Volvo has a fifty-two week low of $19.26 and a fifty-two week high of $30.14. The stock has a market capitalization of $52.33 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 0.65 and a beta of 1.33.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its quarterly earnings results on Thursday, July 18th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. The firm had revenue of $13.12 billion for the quarter. AB Volvo (publ) had a net margin of 10.11% and a return on equity of 32.00%. As a group, analysts predict that AB Volvo will post 2.44 EPS for the current fiscal year.

AB Volvo (publ) Company Profile

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.