AB Volvo (OTCMKTS:VLVLY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

AB Volvo (OTCMKTS:VLVLY – Get Free Report) has received an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have issued a strong buy recommendation on the company.

Several research analysts have recently issued reports on VLVLY shares. Pareto Securities upgraded shares of AB Volvo to a “strong-buy” rating in a research note on Thursday, June 11th. Erste Group Bank raised shares of AB Volvo to a “strong-buy” rating in a research report on Wednesday, August 5th.

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AB Volvo Price Performance

VLVLY opened at $36.79 on Thursday. The firm has a market cap of $74.81 billion, a PE ratio of 19.57, a P/E/G ratio of 0.74 and a beta of 1.18. The stock has a 50-day moving average price of $35.61 and a 200-day moving average price of $35.19. AB Volvo has a 1 year low of $26.11 and a 1 year high of $39.62. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.10 and a quick ratio of 0.82.

AB Volvo (OTCMKTS:VLVLY – Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $13.09 billion for the quarter, compared to the consensus estimate of $12.92 billion. AB Volvo had a net margin of 7.60% and a return on equity of 20.16%. Sell-side analysts predict that AB Volvo will post 2.51 earnings per share for the current fiscal year.

AB Volvo Company Profile

(Get Free Report)

AB Volvo (Volvo Group) is a Swedish multinational manufacturing company headquartered in Gothenburg. The company designs, manufactures and sells a broad range of commercial vehicles and related systems, including heavy- and medium-duty trucks, buses, and construction equipment. In addition to vehicles and machinery, Volvo supplies marine and industrial power systems through its Volvo Penta division and offers parts, service, telematics and financing solutions to commercial customers worldwide.

Key product and business lines include Volvo Trucks and Mack-branded heavy trucks, a global bus and coach offering, Volvo Construction Equipment, and power systems for marine and industrial applications.

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