AB Volvo (publ) (OTCMKTS:VLVLY – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.49 earnings per share for the quarter, Zacks reports. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.41%.
AB Volvo (publ) Price Performance
Shares of VLVLY stock opened at $28.06 on Thursday. AB Volvo has a 12 month low of $23.27 and a 12 month high of $30.14. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average of $25.09 and a two-hundred day moving average of $25.38. The company has a market capitalization of $57.05 billion, a P/E ratio of 10.76 and a beta of 1.29.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. Citigroup upgraded AB Volvo (publ) to a “hold” rating in a research report on Friday, October 11th. Stifel Nicolaus upgraded shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. UBS Group upgraded AB Volvo (publ) from a “sell” rating to a “neutral” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. upgraded AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.
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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