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

Shares of AB Volvo (publ) (OTCMKTS:VLVLY) have been given an average rating of “Moderate Buy” by the five analysts that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company.

A number of equities analysts have recently commented on the stock. Citigroup upgraded shares of AB Volvo (publ) to a “hold” rating in a research note on Friday. Hsbc Global Res upgraded AB Volvo (publ) to a “strong-buy” rating in a research note on Friday, August 30th. Barclays started coverage on AB Volvo (publ) in a research note on Wednesday, July 10th. They set an “equal weight” rating on the stock. Finally, HSBC raised shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Friday, August 30th.

AB Volvo (publ) Trading Up 0.3 %

OTCMKTS VLVLY opened at $25.87 on Tuesday. AB Volvo has a 52 week low of $19.26 and a 52 week high of $30.14. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.88 and a current ratio of 1.14. The stock’s 50 day moving average price is $25.53 and its two-hundred day moving average price is $25.84. The stock has a market capitalization of $52.59 billion, a price-to-earnings ratio of 10.92 and a beta of 1.33.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its earnings results on Thursday, July 18th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.65 by $0.07. AB Volvo (publ) had a net margin of 10.11% and a return on equity of 32.00%. The business had revenue of $13.12 billion during the quarter. As a group, analysts anticipate that AB Volvo will post 2.49 earnings per share 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.