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

AB Volvo (publ) (OTCMKTS:VLVLY) was upgraded by stock analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a note issued to investors on Monday, Marketbeat Ratings reports.

Other equities research analysts have also recently issued reports about the stock. Hsbc Global Res raised shares of AB Volvo (publ) to a “strong-buy” rating in a research report on Friday, August 30th. HSBC raised shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. Barclays started coverage on shares of AB Volvo (publ) in a research report on Wednesday, July 10th. They issued an “equal weight” rating for the company. Finally, Citigroup raised shares of 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

AB Volvo (publ) Stock Performance

Shares of VLVLY stock opened at $25.58 on Monday. The stock has a market capitalization of $52.00 billion, a PE ratio of 10.79 and a beta of 1.33. The firm has a 50 day moving average of $25.69 and a two-hundred day moving average of $25.76. AB Volvo has a 52 week low of $19.26 and a 52 week high of $30.14. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.91.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its quarterly earnings data on Friday, October 18th. The company reported $0.47 earnings per share (EPS) for the quarter. The business had revenue of $11.23 billion during the quarter. AB Volvo (publ) had a net margin of 10.11% and a return on equity of 32.00%. On average, research analysts predict 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.