Equities researchers at Stephens started coverage on shares of VOLVO AB/ADR (OTCMKTS:VLVLY) in a research note issued on Wednesday, The Fly reports. The firm set an “equal weight” rating on the stock.
A number of other equities research analysts also recently issued reports on VLVLY. ValuEngine downgraded shares of VOLVO AB/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. BNP Paribas began coverage on shares of VOLVO AB/ADR in a research report on Tuesday. They set an “underperform” rating for the company. Royal Bank of Canada began coverage on shares of VOLVO AB/ADR in a research report on Tuesday, June 4th. They set a “sector perform” rating for the company. Finally, HSBC reiterated a “hold” rating on shares of VOLVO AB/ADR in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $17.00.
Shares of VLVLY stock traded down $0.53 during midday trading on Wednesday, reaching $13.25. 18,194 shares of the company traded hands, compared to its average volume of 25,719. The business’s 50 day moving average price is $15.24. VOLVO AB/ADR has a 1-year low of $12.06 and a 1-year high of $18.29. The stock has a market cap of $27.32 billion, a price-to-earnings ratio of 7.84, a PEG ratio of 1.52 and a beta of 1.51.
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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