AB Volvo (publ) (OTCMKTS:VLVLY) Receives Average Rating of “Buy” from Analysts

Shares of AB Volvo (publ) (OTCMKTS:VLVLY) have been given a consensus rating of “Buy” by the seven analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company.

A number of equities analysts recently weighed in on VLVLY shares. UBS Group raised shares of AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. upgraded AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th.

AB Volvo (publ) Trading Down 2.0 %

Shares of AB Volvo (publ) stock opened at $30.79 on Friday. AB Volvo has a 1 year low of $23.27 and a 1 year high of $33.33. The firm has a market capitalization of $62.60 billion, a PE ratio of 13.10 and a beta of 1.30. 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 firm’s 50 day moving average is $29.20 and its 200 day moving average is $26.68.

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

AB Volvo (publ) Increases Dividend

The business 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 boost from AB Volvo (publ)’s previous dividend of $0.72. The ex-dividend date is Friday, April 4th. AB Volvo (publ)’s payout ratio is presently 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.