AB Volvo (publ) (OTCMKTS:VLVLY) Given Average Rating of “Moderate Buy” by Analysts

AB Volvo (publ) (OTCMKTS:VLVLY) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company.

A number of analysts have weighed in on the company. Barclays lowered AB Volvo (publ) from an “equal weight” rating to an “underweight” rating in a report on Tuesday, March 25th. UBS Group upgraded AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 26th. Finally, Sanford C. Bernstein assumed coverage on AB Volvo (publ) in a research note on Tuesday, April 1st. They issued an “underperform” rating on the stock.

AB Volvo (publ) Stock Performance

Shares of AB Volvo (publ) stock opened at $23.45 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. The stock’s fifty day moving average price is $29.98 and its 200-day moving average price is $27.02. The firm has a market cap of $47.66 billion, a P/E ratio of 9.98 and a beta of 1.19. AB Volvo has a 12 month low of $22.84 and a 12 month high of $33.33.

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

AB Volvo (publ) Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, April 4th will be given a dividend of $1.6823 per share. This is a positive change from AB Volvo (publ)’s previous dividend of $0.72. The ex-dividend date is Friday, April 4th. AB Volvo (publ)’s dividend payout ratio is currently 25.96%.

AB Volvo (publ) Company Profile

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.