AB Volvo (publ) (OTCMKTS:VLVLY) Rating Increased to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of AB Volvo (publ) (OTCMKTS:VLVLY) from a neutral rating to an overweight rating in a report released on Wednesday morning, MarketBeat reports.

Several other research firms have also recently weighed in on VLVLY. Stifel Nicolaus raised shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Hsbc Global Res raised shares of AB Volvo (publ) to a “strong-buy” rating in a report on Friday, August 30th. UBS Group raised shares of AB Volvo (publ) from a “sell” rating to a “neutral” rating in a research note on Friday, October 25th. HSBC upgraded AB Volvo (publ) from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. Finally, Citigroup raised AB Volvo (publ) to a “hold” rating in a report on Friday, October 11th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

AB Volvo (publ) Trading Up 1.6 %

Shares of AB Volvo (publ) stock opened at $24.64 on Wednesday. AB Volvo has a 52-week low of $22.77 and a 52-week high of $30.14. The stock has a market cap of $50.09 billion, a PE ratio of 10.18 and a beta of 1.33. The firm has a 50-day moving average of $25.66 and a 200-day moving average of $25.65. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.88 and a current ratio of 1.14.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its earnings results on Friday, October 18th. The company reported $0.47 earnings per share (EPS) for the quarter. AB Volvo (publ) had a net margin of 9.64% and a return on equity of 29.91%. The firm had revenue of $11.23 billion for the quarter. As a group, sell-side analysts forecast that AB Volvo will post 2.36 EPS for the current 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.