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 six analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company.

VLVLY has been the subject of several research reports. Zacks Research lowered AB Volvo from a “hold” rating to a “strong sell” rating in a research note on Monday, October 20th. Sanford C. Bernstein raised AB Volvo from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Finally, The Goldman Sachs Group lowered AB Volvo from a “buy” rating to a “neutral” rating in a research note on Monday, September 8th.

AB Volvo Stock Down 1.1%

Shares of OTCMKTS VLVLY opened at $27.19 on Tuesday. AB Volvo has a 12 month low of $22.55 and a 12 month high of $33.33. The company has a current ratio of 1.12, a quick ratio of 0.85 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $55.29 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 7.46 and a beta of 1.17. The business has a 50-day moving average of $28.74 and a 200-day moving average of $28.38.

AB Volvo (OTCMKTS:VLVLY) last issued its quarterly earnings data on Friday, October 17th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.13). AB Volvo had a return on equity of 22.66% and a net margin of 8.47%.The business had revenue of $11.75 billion for the quarter, compared to analysts’ expectations of $115.79 billion. Sell-side analysts expect that AB Volvo will post 2.38 earnings per share for the current fiscal year.

About AB Volvo

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.