AB Volvo (OTCMKTS:VLVLY) Receives Consensus Rating of “Hold” from Analysts

AB Volvo (OTCMKTS:VLVLY) has been assigned a consensus rating of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company.

Separately, The Goldman Sachs Group cut AB Volvo from a “buy” rating to a “neutral” rating in a report on Monday, September 8th.

AB Volvo Stock Performance

Shares of VLVLY stock opened at $29.42 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.11 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average price of $29.63 and a 200-day moving average price of $28.28. AB Volvo has a 52 week low of $22.55 and a 52 week high of $33.33. The firm has a market capitalization of $59.82 billion, a PE ratio of 13.94, a P/E/G ratio of 4.17 and a beta of 1.16.

AB Volvo (OTCMKTS:VLVLY) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.16. AB Volvo had a net margin of 8.90% and a return on equity of 23.77%. The company had revenue of $12.59 billion for the quarter, compared to the consensus estimate of $122.35 billion. As a group, equities research analysts expect that AB Volvo will post 2.38 earnings per share for the current year.

AB Volvo 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.