Stock analysts at Stephens began coverage on shares of VOLVO AB/ADR (OTCMKTS:VLVLY) in a report released on Wednesday, The Fly reports. The firm set an “equal weight” rating on the stock.
Other equities research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of VOLVO AB/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. BNP Paribas started coverage on shares of VOLVO AB/ADR in a research note on Tuesday. They issued an “underperform” rating on the stock. Royal Bank of Canada started coverage on VOLVO AB/ADR in a research report on Tuesday, June 4th. They issued a “sector perform” rating for the company. Finally, HSBC reaffirmed a “hold” rating on shares of VOLVO AB/ADR in a research report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $17.00.
VLVLY traded down $0.53 on Wednesday, reaching $13.25. The company had a trading volume of 18,194 shares, compared to its average volume of 25,719. The firm has a fifty day moving average of $15.24. The stock has a market cap of $27.32 billion, a P/E ratio of 7.84, a P/E/G ratio of 1.52 and a beta of 1.51. VOLVO AB/ADR has a one year low of $12.06 and a one year high of $18.29.
VOLVO AB/ADR (OTCMKTS:VLVLY) last posted its quarterly earnings data on Thursday, July 18th. The company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.08. VOLVO AB/ADR had a net margin of 7.43% and a return on equity of 28.82%. The company had revenue of $12.78 billion during the quarter, compared to analyst estimates of $11.63 billion. As a group, equities analysts anticipate that VOLVO AB/ADR will post 1.83 earnings per share for the current fiscal 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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