AB Volvo (publ) (OTCMKTS:VLVLY) Downgraded by Barclays to Underweight

Barclays cut shares of AB Volvo (publ) (OTCMKTS:VLVLY) from an equal weight rating to an underweight rating in a research note released on Tuesday morning, MarketBeat reports.

VLVLY has been the topic of several other reports. 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 shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, AB Volvo (publ) has a consensus rating of “Moderate Buy”.

AB Volvo (publ) Trading Up 0.5 %

Shares of AB Volvo (publ) stock opened at $30.61 on Tuesday. AB Volvo has a 1 year low of $23.27 and a 1 year high of $33.33. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.28 and a quick ratio of 0.97. The business has a 50 day moving average price of $29.77 and a 200 day moving average price of $26.86. The company has a market capitalization of $62.23 billion, a P/E ratio of 13.03 and a beta of 1.30.

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

AB Volvo (publ) Increases Dividend

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

About AB Volvo (publ)

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.