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J.P. Morgan Keeps Their Buy Rating on Volvo AB (0HTP)

Tipranks - Tipranks - Thu Apr 2, 5:06AM CDT

In a report released today, Jose Asumendi from J.P. Morgan maintained a Buy rating on Volvo AB, with a price target of SEK360.00.

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Asumendi covers the Consumer Cyclical sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Mercedes-Benz Group, and Schaeffler. According to TipRanks, Asumendi has an average return of 2.1% and a 48.28% success rate on recommended stocks.

In addition to J.P. Morgan, Volvo AB also received a Buy from UBS’s Hemal Bhundia in a report issued yesterday. However, on the same day, Exane BNP Paribas initiated coverage with a Hold rating on Volvo AB (LSE: 0HTP).

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Based on Volvo AB’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of SEK123.8 billion and a net profit of SEK9.61 billion. In comparison, last year the company earned a revenue of SEK138.41 billion and had a net profit of SEK10.74 billion

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