VOLVO AB/ADR (OTCMKTS:VLVLY) Research Coverage Started at BNP Paribas

Equities researchers at BNP Paribas began coverage on shares of VOLVO AB/ADR (OTCMKTS:VLVLY) in a research note issued to investors on Tuesday, Automated Import reports. The brokerage set an “underperform” rating on the stock.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada assumed coverage on VOLVO AB/ADR in a research note on Tuesday, June 4th. They set a “sector perform” rating for the company. ValuEngine lowered VOLVO AB/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, HSBC reiterated a “hold” rating on shares of VOLVO AB/ADR in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $17.00.

OTCMKTS:VLVLY traded up $0.20 during trading hours on Tuesday, hitting $13.88. 21,680 shares of the stock were exchanged, compared to its average volume of 24,551. VOLVO AB/ADR has a 52-week low of $12.06 and a 52-week high of $18.29. The business’s fifty day simple moving average is $15.27. The firm has a market cap of $27.32 billion, a P/E ratio of 8.22, a P/E/G ratio of 1.52 and a beta of 1.51.

VOLVO AB/ADR (OTCMKTS:VLVLY) last posted its quarterly earnings data on Thursday, July 18th. The company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.08. VOLVO AB/ADR had a return on equity of 28.82% and a net margin of 7.43%. The company had revenue of $12.78 billion during the quarter, compared to analyst estimates of $11.63 billion. As a group, equities research analysts anticipate that VOLVO AB/ADR will post 1.83 earnings per share for the current year.

VOLVO AB/ADR Company Profile

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The company offers trucks for long-haulage, construction, and distribution purposes under the Volvo, UD Trucks, Renault Trucks, Mack, Eicher, and Dongfeng brands; and city and intercity buses, coaches, and bus chassis under the Volvo, Prevost, Nova Bus, and UD Bus brands.

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Analyst Recommendations for VOLVO AB/ADR (OTCMKTS:VLVLY)

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