AB Volvo (OTCMKTS:VLVLY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

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

Separately, Pareto Securities raised shares of AB Volvo to a “strong-buy” rating in a report on Thursday, June 11th.

AB Volvo Trading Down 1.4%

VLVLY stock opened at $35.06 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. AB Volvo has a twelve month low of $26.11 and a twelve month high of $39.62. The company has a market cap of $71.29 billion, a P/E ratio of 17.27, a PEG ratio of 0.80 and a beta of 1.19. The business has a fifty day moving average of $34.05 and a 200-day moving average of $34.58.

AB Volvo (OTCMKTS:VLVLY) last issued its quarterly 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). The business had revenue of $11.98 billion for the quarter, compared to analyst estimates of $12.42 billion. AB Volvo had a return on equity of 22.17% and a net margin of 8.32%. As a group, equities research analysts expect that AB Volvo will post 2.28 EPS for the current year.

AB Volvo Company Profile

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.