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AB Volvo (publ) has been downgraded by Barclays from "equal weight" to "underweight," while JPMorgan and UBS have upgraded their ratings to "overweight" and "strong-buy," respectively. The company has a market cap of $62.43 billion, with a current stock price of $30.71 and a consensus rating of "Moderate Buy" among analysts. AB Volvo reported $0.49 earnings per share for the last quarter, with predictions of 2.38 EPS for the current year.
UBS has raised its price target for Volvo to SEK 302 while maintaining a neutral stance. AB Volvo, Europe's leading truck manufacturer and third globally, reported that truck sales account for 68.4% of its revenue, with 219,377 vehicles expected to be sold in 2024. The company also generates income from construction equipment, financial services, buses, and parts, with a geographical sales distribution of 41.1% in Europe, 30.8% in North America, and smaller percentages in Asia, South America, Africa, and Oceania.
UBS has maintained a "Neutral" rating for Volvo B, setting a target price of 274 Swedish kronor. The bank noted that Volvo's fourth-quarter performance met expectations, with particular attention on margins and truck orders. In 2023, Volvo sold 246,272 vehicles, with truck sales accounting for 66.3% of net sales, while construction equipment and financial services contributed 18.7% and 4.3%, respectively. The company's sales are primarily concentrated in Europe (42.8%) and North America (29.8%).
UBS maintains a neutral stance on AB Volvo, Europe"s leading truck manufacturer and the third largest globally. In 2023, truck sales accounted for 66.3% of revenue, with 246,272 vehicles sold, while construction equipment sales made up 18.7%. The company also ranks as the world"s second-largest bus manufacturer, with geographical sales distribution of 42.8% in Europe, 29.8% in North America, and smaller shares in Asia, South America, Africa, and Oceania.
AB Volvo, the leading European truck manufacturer and third globally, reported 2023 net sales with 66.3% from truck sales, 18.7% from construction equipment, and smaller contributions from financial services, bus and chassis, and marine and industrial parts. Geographically, sales are distributed with 42.8% in Europe, 29.8% in North America, and the remainder across Asia, South America, Africa, and Oceania.
UBS has maintained a "Neutral" rating for Volvo B, setting a target price of 274 Swedish kronor. Analyst Hemal Bhundia noted that the company"s goal of achieving a 25% market share in North America is ambitious and will require significant effort to realize. In 2023, Volvo, a leading European truck manufacturer, reported net sales primarily from truck sales (66.3%), with a geographical breakdown showing 42.8% from Europe and 29.8% from North America.
AB Volvo (publ) has received a "Neutral" rating from UBS Group, upgraded from "sell," while other analysts have varied ratings, including "strong buy" and "hold." The stock currently holds a "Moderate Buy" average rating, with a market cap of $51.74 billion and recent earnings of $0.47 per share. Despite not being among the top five recommended stocks, AB Volvo continues to be a significant player in the manufacturing of trucks, buses, and construction equipment globally.
UBS has upgraded Volvo B from "Sell" to "Neutral," increasing its price target from 263 to 274 Swedish kronor. Analyst Hemal Bhundia noted that the truck manufacturer's outlook for 2025 alleviates initial concerns about a downturn, with expectations for recovery in Europe and North America by late 2025.
UBS has upgraded Volvo B from "Sell" to "Neutral," increasing its price target from 263 to 274 Swedish kronor. Analyst Hemal Bhundia noted that the truck manufacturer's outlook for 2025 alleviates initial concerns about a downturn, with expectations of recovery in Europe and North America by the second half of 2025.
UBS has upgraded Volvo B from "Sell" to "Neutral," increasing its price target from 263 to 274 Swedish kronor. Analyst Hemal Bhundia noted that the truck manufacturer's outlook for 2025 alleviates initial concerns about a downturn, with expectations of recovery in Europe and North America by the second half of 2025.
AB Volvo (publ)
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barclays downgrades ab volvo to underweight amid mixed analyst ratings
14:04 26.03.2025
ubs raises volvo price target as truck sales lead market growth
10:11 30.01.2025
ubs maintains neutral rating for volvo b with target price of 274 kronor
12:18 29.01.2025
volvo reports strong sales performance in truck and construction equipment sectors
09:09 19.11.2024
volvo maintains strong position as leading truck manufacturer in global market
09:09 19.11.2024
ubs maintains neutral rating for volvo b with target price of 274 kronor
09:09 19.11.2024
ab volvo receives mixed ratings as analysts suggest better investment options
14:18 25.10.2024
ubs upgrades volvo b to neutral raises price target to 274 kronor
13:04 25.10.2024
ubs upgrades volvo b to neutral raises price target to 274 kronor
13:04 25.10.2024
ubs upgrades volvo b to neutral raises price target to 274 kronor
12:17 25.10.2024
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