VOLVO AB/ADR (OTCMKTS:VLVLY) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of VOLVO AB/ADR (OTCMKTS:VLVLY) from a strong sell rating to a hold rating in a research report sent to investors on Friday morning, Zacks.com reports.

According to Zacks, “AB Volvo is the parent company of the Volvo Group. The Volvo Group is a manufacturer of trucks, buses, construction equipment, diesel engines, and marine and industrial engines. The Volvo Group also provides solutions for financing and service. Its segments include Trucks, Construction Equipment, Buses, Volvo Penta, Group functions & Other, and Financial Services. The Company’s brand portfolio consists of Volvo, Volvo Penta, UD, Terex Trucks, Renault Trucks, Prevost, Nova Bus and Mack. In addition to vehicles and machines, its offering includes a range of services, such as insurance, rental services, spare parts, preventive maintenance, service agreements, assistance services and information technology (IT) services. Its product range is divided into Vehicles and Services. The sale of new vehicles, machinery and engines comprise Vehicles, as well as the sale of used vehicles and machines, trailers, superstructures and special vehicles. Its Services include the sale of spare parts. “

A number of other equities analysts also recently issued reports on the company. Evercore ISI assumed coverage on VOLVO AB/ADR in a research note on Friday, November 22nd. They set an inline rating for the company. BNP Paribas assumed coverage on VOLVO AB/ADR in a report on Tuesday, August 13th. They issued an underperform rating for the company. ValuEngine downgraded VOLVO AB/ADR from a hold rating to a sell rating in a research note on Thursday, November 14th. Stephens began coverage on VOLVO AB/ADR in a report on Wednesday, August 14th. They set an equal weight rating on the stock. Finally, Citigroup began coverage on VOLVO AB/ADR in a research report on Monday, October 21st. They issued a buy rating for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $17.00.

Shares of VOLVO AB/ADR stock traded up $0.09 on Friday, reaching $15.27. 12,634 shares of the stock were exchanged, compared to its average volume of 31,939. The firm has a market capitalization of $31.04 billion, a PE ratio of 9.04, a PEG ratio of 1.78 and a beta of 1.53. VOLVO AB/ADR has a 1-year low of $12.06 and a 1-year high of $16.56. The business has a fifty day moving average price of $15.28 and a two-hundred day moving average price of $14.69. The company has a current ratio of 1.30, a quick ratio of 0.95 and a debt-to-equity ratio of 0.78.

VOLVO AB/ADR (OTCMKTS:VLVLY) last announced its quarterly earnings data on Friday, October 18th. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. VOLVO AB/ADR had a net margin of 7.31% and a return on equity of 27.74%. The firm had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $9.73 billion. Research analysts expect that VOLVO AB/ADR will post 1.72 EPS for the current year.

VOLVO AB/ADR Company Profile

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The company offers trucks for long-haulage, construction, and distribution purposes under the Volvo, UD Trucks, Renault Trucks, Mack, Eicher, and Dongfeng brands; and city and intercity buses, coaches, and bus chassis under the Volvo, Prevost, Nova Bus, and UD Bus brands.

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