Volvo Ab (VLVLY)

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AB Volvo (VOLVY) Posts Quarterly Results

AB Volvo (NASDAQ:VOLVY) posted its quarterly earnings results on Monday. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.03, Analyst Ratings Network.com reports.

Shares of AB Volvo (NASDAQ:VOLVY) opened at 12.78 on Monday. AB Volvo has a 1-year low of $12.17 and a 1-year high of $16.33. The stock’s 50-day moving average is $13.95 and its 200-day moving average is $14.54. The company has a market cap of $25.895 billion and a price-to-earnings ratio of 34.27.

A number of research firms have recently commented on VOLVY. Analysts at Piper Jaffray initiated coverage on shares of AB Volvo in a research note on Wednesday, July 16th. They set a “neutral” rating on the stock. On the ratings front, analysts at Societe Generale downgraded shares of AB Volvo from a “buy” rating to a “hold” rating in a research note on Friday, June 6th. Finally, analysts at Goldman Sachs downgraded shares of AB Volvo from a “neutral” rating to a “sell” rating in a research note on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold”.

AB Volvo is a supplier of commercial transport solutions providing products, such as trucks, buses, construction equipment, engines and drive systems for boats and industrial applications, as well as aircraft engine components.

http://tickerreport.com/banking-finance/252807/ab-volvo-volvy-posts-quarterly-results/