AB Volvo (publ) (OTCMKTS:VLVLY) Raised to Buy at Stifel Nicolaus

AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) was upgraded by equities research analysts at Stifel Nicolaus from a "hold" rating to a "buy" rating in a report released on Monday, Marketbeat.com reports.

Other equities analysts also recently issued research reports about the company. Barclays assumed coverage on AB Volvo (publ) in a research report on Wednesday, July 10th. They issued an "equal weight" rating for the company. Hsbc Global Res upgraded AB Volvo (publ) to a "strong-buy" rating in a research report on Friday, August 30th. HSBC upgraded AB Volvo (publ) from a "hold" rating to a "buy" rating in a research report on Friday, August 30th. Finally, Citigroup upgraded AB Volvo (publ) to a "hold" rating in a research report on Friday, October 11th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, AB Volvo (publ) has a consensus rating of "Moderate Buy".

AB Volvo (publ) Price Performance

Shares of AB Volvo (publ) stock traded down $0.28 during midday trading on Monday, hitting $25.74. 49,841 shares of the company were exchanged, compared to its average volume of 55,495. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.14 and a quick ratio of 0.88. The firm has a market cap of $52.33 billion, a P/E ratio of 10.86 and a beta of 1.33. AB Volvo has a 52 week low of $19.26 and a 52 week high of $30.14. The firm has a 50 day simple moving average of $25.67 and a 200-day simple moving average of $25.78.

AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) last posted its earnings results on Friday, October 18th. The company reported $0.47 EPS for the quarter. AB Volvo (publ) had a return on equity of 32.00% and a net margin of 10.11%. The business had revenue of $11.23 billion during the quarter. Research analysts forecast that AB Volvo will post 2.49 earnings per share for the current year.

About AB Volvo (publ)

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.