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

Shares of AB Volvo (OTCMKTS:VLVLY) have received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a strong buy rating on the company.

Separately, Pareto Securities upgraded AB Volvo to a “strong-buy” rating in a research note on Thursday, June 11th.

AB Volvo Stock Performance

VLVLY opened at $34.78 on Wednesday. AB Volvo has a 1-year low of $26.11 and a 1-year high of $39.62. The company has a market cap of $70.72 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 0.77 and a beta of 1.19. The company’s fifty day moving average price is $34.07 and its two-hundred day moving average price is $34.69. The company has a current ratio of 1.19, a quick ratio of 0.91 and a debt-to-equity ratio of 0.80.

AB Volvo (OTCMKTS:VLVLY) last posted its earnings results on Friday, April 24th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.06). AB Volvo had a return on equity of 22.17% and a net margin of 8.32%.The business had revenue of $11.98 billion for the quarter, compared to the consensus estimate of $12.42 billion. On average, analysts expect that AB Volvo will post 2.28 EPS for the current fiscal 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.