Royal Bank Of Canada Downgrades AB Volvo (OTCMKTS:VLVLY) to Sector Perform

AB Volvo (OTCMKTS:VLVLY) was downgraded by research analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a report released on Friday, Marketbeat reports.

A number of other equities analysts have also issued reports on the company. Citigroup raised AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Zacks Research upgraded shares of AB Volvo from a “strong sell” rating to a “hold” rating in a research report on Friday, December 19th. Deutsche Bank Aktiengesellschaft downgraded shares of AB Volvo from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Kepler Capital Markets restated a “hold” rating on shares of AB Volvo in a research report on Friday, January 16th. Finally, UBS Group downgraded AB Volvo from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

AB Volvo Price Performance

Shares of VLVLY opened at $39.00 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.12 and a quick ratio of 0.85. AB Volvo has a 1-year low of $22.55 and a 1-year high of $39.62. The stock has a market cap of $79.30 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 9.23 and a beta of 1.15. The firm has a fifty day moving average price of $33.99 and a 200 day moving average price of $30.70.

AB Volvo (OTCMKTS:VLVLY) last posted its earnings results on Wednesday, January 28th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. The business had revenue of $14.01 billion for the quarter, compared to analysts’ expectations of $13.42 billion. AB Volvo had a return on equity of 23.01% and a net margin of 8.47%. As a group, sell-side analysts anticipate that AB Volvo will post 2.38 EPS for the current year.

AB Volvo Company Profile

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.