AB Volvo (publ) (OTCMKTS:VLVLY) Sets New 12-Month High – Still a Buy?

AB Volvo (publ) (OTCMKTS:VLVLY)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $32.29 and last traded at $32.17, with a volume of 85158 shares traded. The stock had previously closed at $31.32.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. upgraded AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. UBS Group upgraded shares of AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, AB Volvo (publ) presently has an average rating of “Buy”.

AB Volvo (publ) Price Performance

The stock has a fifty day moving average price of $27.49 and a 200-day moving average price of $26.21. The company has a market cap of $65.39 billion, a PE ratio of 13.69 and a beta of 1.30. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.28 and a quick ratio of 0.97.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.49 earnings per share for the quarter. AB Volvo (publ) had a net margin of 9.57% and a return on equity of 27.91%. On average, equities analysts expect that AB Volvo will post 2.38 earnings per share 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.