AB Volvo (OTCMKTS:VLVLY) Upgraded by Pareto Securities to Strong-Buy Rating

AB Volvo (OTCMKTS:VLVLY) was upgraded by stock analysts at Pareto Securities to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Separately, Royal Bank Of Canada cut AB Volvo from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 13th. Three analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

AB Volvo Price Performance

Shares of AB Volvo stock opened at $33.51 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 0.91. The business’s 50 day simple moving average is $34.32 and its two-hundred day simple moving average is $34.19. The stock has a market capitalization of $68.14 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 0.74 and a beta of 1.18. AB Volvo has a one year low of $26.11 and a one year high of $39.62.

AB Volvo (OTCMKTS:VLVLY) last announced its quarterly earnings results on Friday, April 24th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). The company had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $12.42 billion. AB Volvo had a return on equity of 22.17% and a net margin of 8.32%. Analysts forecast that AB Volvo will post 2.33 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.