AB Volvo’s (VLVLY) “Hold” Rating Reiterated at Kepler Capital Markets

Kepler Capital Markets reaffirmed their hold rating on shares of AB Volvo (OTCMKTS:VLVLY) in a report issued on Friday, MarketBeat.com reports.

Other equities analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft lowered AB Volvo from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Sanford C. Bernstein upgraded AB Volvo from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Citigroup upgraded AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th. Zacks Research raised shares of AB Volvo from a “strong sell” rating to a “hold” rating in a research note on Friday, December 19th. Finally, UBS Group lowered shares of AB Volvo from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

AB Volvo Stock Down 0.5%

VLVLY stock opened at $33.89 on Friday. The company has a market capitalization of $68.91 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 5.72 and a beta of 1.13. AB Volvo has a 12 month low of $22.55 and a 12 month high of $34.22. The firm’s fifty day simple moving average is $30.98 and its 200-day simple moving average is $29.60. 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 (OTCMKTS:VLVLY) last posted its earnings results on Friday, October 17th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.13). AB Volvo had a net margin of 8.47% and a return on equity of 22.66%. The business had revenue of $11.75 billion for the quarter, compared to analyst estimates of $115.79 billion. As a group, equities research analysts forecast that AB Volvo will post 2.38 earnings per share for the current year.

About AB Volvo

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.