AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) was upgraded by equities research analysts at UBS Group from a "hold" rating to a "strong-buy" rating in a report issued on Wednesday,Zacks.com reports.
Separately, JPMorgan Chase & Co. raised AB Volvo (publ) from a "neutral" rating to an "overweight" rating in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, AB Volvo (publ) has a consensus rating of "Buy".
Read Our Latest Stock Analysis on VLVLY
AB Volvo (publ) Stock Up 3.2 %
Shares of VLVLY traded up $0.97 during midday trading on Wednesday, hitting $31.71. 79,799 shares of the company's stock traded hands, compared to its average volume of 241,447. The firm's fifty day moving average is $27.34 and its 200-day moving average is $26.17. The stock has a market capitalization of $64.47 billion, a price-to-earnings ratio of 13.49 and a beta of 1.31. The company has a current ratio of 1.28, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. AB Volvo has a 1 year low of $23.27 and a 1 year high of $32.29.
AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.49 earnings per share for the quarter. AB Volvo (publ) had a return on equity of 27.91% and a net margin of 9.57%. As a group, sell-side analysts anticipate that AB Volvo will post 2.38 earnings per share for the current year.
AB Volvo (publ) Company Profile
(
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.
Featured Stories
Before you consider AB Volvo (publ), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AB Volvo (publ) wasn't on the list.
While AB Volvo (publ) currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
