AB Volvo (publ) (OTCMKTS:VLVLY – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company.
VLVLY has been the subject of a number of research reports. Hsbc Global Res raised AB Volvo (publ) to a “strong-buy” rating in a research note on Friday, August 30th. Stifel Nicolaus upgraded AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Citigroup raised shares of AB Volvo (publ) to a “hold” rating in a research report on Friday, October 11th. HSBC upgraded shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. raised AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th.
Read Our Latest Research Report on VLVLY
AB Volvo (publ) Stock Performance
AB Volvo (publ) (OTCMKTS:VLVLY – Get Free Report) last issued its quarterly earnings data on Friday, October 18th. The company reported $0.47 earnings per share for the quarter. AB Volvo (publ) had a return on equity of 29.91% and a net margin of 9.64%. The company had revenue of $11.23 billion during the quarter. On average, analysts expect that AB Volvo will post 2.36 EPS for the current year.
AB Volvo (publ) Company Profile
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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