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

AB Volvo (publ) (OTCMKTS:VLVLY) has received an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company.

Several research analysts have recently issued reports on VLVLY shares. HSBC raised AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Friday. Barclays initiated coverage on AB Volvo (publ) in a research note on Wednesday, July 10th. They set an “equal weight” rating for the company.

AB Volvo (publ) Price Performance

AB Volvo (publ) stock opened at $26.24 on Friday. AB Volvo has a one year low of $19.26 and a one year 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 business has a fifty day moving average of $25.36 and a two-hundred day moving average of $26.39. The company has a market cap of $53.35 billion, a P/E ratio of 11.07, a price-to-earnings-growth ratio of 0.64 and a beta of 1.34.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its earnings results on Thursday, July 18th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. AB Volvo (publ) had a return on equity of 32.00% and a net margin of 10.11%. The company had revenue of $13.12 billion during the quarter. As a group, analysts predict that AB Volvo will post 2.44 earnings per share for the current fiscal year.

About AB Volvo (publ)

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.