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

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

Several equities analysts have commented on the company. UBS Group raised AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. raised shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th.

AB Volvo (publ) Stock Performance

Shares of OTCMKTS:VLVLY opened at $31.95 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. AB Volvo has a 12 month low of $23.27 and a 12 month high of $33.33. The company has a market capitalization of $64.95 billion, a price-to-earnings ratio of 13.60 and a beta of 1.30. The firm’s 50-day moving average is $28.98 and its 200 day moving average is $26.62.

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

AB Volvo (publ) Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, April 4th will be paid a dividend of $1.6823 per share. The ex-dividend date of this dividend is Friday, April 4th. This is an increase from AB Volvo (publ)’s previous dividend of $0.72. AB Volvo (publ)’s 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.