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

AB Volvo (publ) (OTCMKTS:VLVLY) was upgraded by equities researchers at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued on Monday, Marketbeat.com reports.

Several other analysts also recently weighed in on the stock. Barclays started coverage on shares of AB Volvo (publ) in a research report on Wednesday, July 10th. They set an “equal weight” rating on the stock. Citigroup raised AB Volvo (publ) to a “hold” rating in a research report on Friday, October 11th. Hsbc Global Res raised AB Volvo (publ) to a “strong-buy” rating in a research report on Friday, August 30th. Finally, HSBC raised AB Volvo (publ) from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. Four 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

AB Volvo (publ) Trading Down 0.6 %

OTCMKTS VLVLY opened at $25.58 on Monday. AB Volvo has a one year low of $19.26 and a one year high of $30.14. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.88 and a current ratio of 1.14. The company has a market capitalization of $52.00 billion, a price-to-earnings ratio of 10.79 and a beta of 1.33. The company’s 50-day simple moving average is $25.69 and its two-hundred day simple moving average is $25.76.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its quarterly earnings results on Friday, October 18th. The company reported $0.47 EPS for the quarter. The firm had revenue of $11.23 billion during the quarter. AB Volvo (publ) had a return on equity of 32.00% and a net margin of 10.11%. Equities analysts forecast that AB Volvo will post 2.49 EPS for the current fiscal 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.