Zacks Investment Research Downgrades Volvo (VLVLY) to Hold
Volvo (OTCMKTS:VLVLY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday.
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. “
Separately, DNB Markets raised Volvo from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.
Volvo (OTCMKTS VLVLY) opened at $19.19 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.12 and a quick ratio of 0.81. The company has a market capitalization of $38,851.84, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 1.03 and a beta of 0.80. Volvo has a one year low of $11.44 and a one year high of $20.41.
Volvo (OTCMKTS:VLVLY) last posted its quarterly earnings data on Friday, October 20th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06. The company had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.29 billion. Volvo had a return on equity of 20.99% and a net margin of 6.45%. sell-side analysts expect that Volvo will post 1.24 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: “Zacks Investment Research Downgrades Volvo (VLVLY) to Hold” was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://theolympiareport.com/2017/12/23/zacks-investment-research-downgrades-volvo-vlvly-to-hold.html.
Volvo 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, and internationally. The company offers trucks for long-haulage, construction, and distribution purposes under the Volvo, UD, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and bus chassis under the Volvo, Prevost, Nova Bus, UD Bus, and Sunwin brands.
Receive News & Ratings for Volvo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Volvo and related companies with MarketBeat.com's FREE daily email newsletter.