AB Volvo

VOLV B

SE0000115446

Heavy Machinery & Vehicles

Market Closed - Nasdaq Stockholm Other stock markets 09:30:00 03/07/2024 pm IST			5-day change	1st Jan Change
267.2 ^SEK	+0.26%		-0.41%	+2.10%

02/07	Wetteri Unit Buys Sports Car Center Branch in Finland	MT
02/07	Volvo Closes Sale of Specialized Vehicle Maker Arquus	MT

VOLVO B : Jefferies remains its Buy rating

July 01, 2024 at 10:39 pm IST

In a research note published by Michael Aspinall, Jefferies advises its customers to buy the stock. The target price continues to be set at SEK 330.

Latest news about AB Volvo

Wetteri Unit Buys Sports Car Center Branch in Finland	02/07	MT
Volvo Closes Sale of Specialized Vehicle Maker Arquus	02/07	MT
John Cockerill Defense France acquired Arquus from AB Volvo (OM:VOLV B).	02/07	CI
VOLVO B : Jefferies remains its Buy rating	01/07	ZD
Volvo Group Names Radhika Nair as Head of People Culture for India, Effective July 1, 2024	27/06	CI
Zeekr's sales jump as Chinese dominate Russian EV market	27/06	RE
Volvo to delay EX30's US shipments due to higher tariffs on Chinese imports, Bloomberg News reports	27/06	RE
US business equipment borrowings up 11% in May, ELFA says	26/06	RE
Moody's Maintains AB Volvo's Ratings on Strong Market Position, Credit Profile	23/06	MT
What are EV startups doing to ride out weak demand?	19/06	RE
What are EV startups doing to ride out weak demand?	18/06	RE
VOLVO B : Deutsche Bank gives a Buy rating	18/06	ZD
VOLVO B : JP Morgan reaffirms its Neutral rating	18/06	ZD
France and Belgium strengthen their cooperation in land defence	18/06	RE
Daimler Truck wants to help companies more with the expansion of e-charging stations	11/06	DP
Volvo Transfers Production of China-Made EVs to Belgium	10/06	MT
EU set to disclose tariff rates for Chinese electric vehicles	10/06	RE
Volvo shifting EV production to Belgium to evade China tariffs, The Times reports	09/06	RE
Imported Car Sales in South Korea Jump in May	07/06	MT
VOLVO B : JP Morgan sticks Neutral	05/06	ZD
Volvo Cars Posts Higher Sales in May	05/06	MT
Volvo Cars' May sales rise 13%, boosted by electric vehicles	05/06	RE
Volvo Cars' May sales rise 13%	05/06	RE
Lithium Australia Subsidiary Signs Battery Recycling Deal with Volvo Australia	05/06	MT
Westport Fuel Systems Inc. and Volvo Group Announces Board Appointments	04/06	CI

AB Volvo is the leading European truck maker and No. 3 worldwide. Net sales break down by activity as follows: - sales of trucks (66.3%): 246,272 vehicles sold in 2023 (names Volvo, Renault, Eicher and Mack); - sales of construction equipment (18.7%): excavators, loaders, backhoes, hydraulic shovels, graders, dump trucks, etc.; - financial services (4.3%); - bus and chassis sales (4%): world's No. 2 largest manufacturer; - sales of parts, control systems, and marine and industrial motors (3.7%): for commerce and cruise ships and for industrial applications (irrigation units, lifting trucks, electrical generators, etc.); - other (3%). Net sales are distributed geographically as follows: Europe (42.8%), North America (29.8%), Asia (12%), South America (8.9%), Africa and Oceania (6.5%).

Sector

Heavy Machinery & Vehicles

Calendar

18/07/2024 - Q2 2024 Earnings Release

Related indices

STOXX EUROPE 600 (EUR)

More about the company

Income Statement Evolution

More financial data

Analysis / Opinion

VOLVO : Target upgrade by 14.1%

April 22, 2024 at 07:48 pm IST

INTERVIEW - Jim Rowan, CEO of Volvo Car: improved profitability thanks to lower lithium prices and price increases

July 20, 2023 at 03:45 pm IST

More Strategies

Ratings for AB Volvo

Trading Rating

Investor Rating

ESG Refinitiv

A-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

266.5 SEK

Average target price

313.5 SEK

Spread / Average Target

+17.65%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Heavy Trucks

	1st Jan change	Capi.
AB VOLVO	+2.10%	51.21B
SINOTRUK (HONG KONG) LIMITED	+27.02%	7B
JUNGHEINRICH AG	-5.84%	3.34B
ANHUI HELI CO.,LTD.	+11.81%	2.58B
SINOTRUK JINAN TRUCK CO.,LTD	+3.67%	2.28B
CIMC VEHICLES (GROUP) CO., LTD.	-10.45%	2.21B
MITSUBISHI LOGISNEXT CO., LTD.	+17.73%	1.07B
WABASH NATIONAL CORPORATION	-14.75%	980M
KAMAZ PUBLICLY TRADED COMPANY	-.--%	699M
KYOKUTO KAIHATSU KOGYO CO.,LTD.	+28.19%	597M

Heavy Trucks

AB Volvo

Equities

VOLV B

SE0000115446

Heavy Machinery & Vehicles

VOLVO B : Jefferies remains its Buy rating

Latest news about AB Volvo

Chart AB Volvo

Company Profile

Income Statement Evolution

Analysis / Opinion

Ratings for AB Volvo

Analysts' Consensus

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Heavy Trucks