AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $30.58 and last traded at $30.45, with a volume of 39105 shares. The stock had previously closed at $30.05.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. Stifel Nicolaus upgraded shares of AB Volvo (publ) from a "hold" rating to a "buy" rating in a research report on Monday, October 21st. JPMorgan Chase & Co. raised shares of AB Volvo (publ) from a "neutral" rating to an "overweight" rating in a research report on Wednesday, November 27th. Finally, UBS Group raised AB Volvo (publ) from a "sell" rating to a "neutral" rating in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, AB Volvo (publ) has an average rating of "Moderate Buy".
Check Out Our Latest Analysis on AB Volvo (publ)
AB Volvo (publ) Price Performance
The firm has a market cap of $61.90 billion, a PE ratio of 12.96 and a beta of 1.31. The firm's fifty day simple moving average is $26.11 and its two-hundred day simple moving average is $25.69. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 0.86.
AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) last released its earnings results on Wednesday, January 29th. The company reported $0.49 earnings per share for the quarter. AB Volvo (publ) had a net margin of 9.57% and a return on equity of 28.80%. As a group, research analysts expect that AB Volvo will post 2.38 EPS for the current year.
About AB Volvo (publ)
(
Get Free Report)
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.
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