AB Volvo (publ) (OTCMKTS:VLVLY) Receives Average Recommendation of “Hold” from Brokerages

Shares of AB Volvo (publ) (OTCMKTS:VLVLY) have been given an average recommendation of “Hold” by the six brokerages that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company.

Separately, Sanford C. Bernstein lowered AB Volvo (publ) from an “outperform” rating to a “market perform” rating in a report on Monday, January 29th.

AB Volvo (publ) Stock Up 0.5 %

Shares of AB Volvo (publ) stock opened at $26.16 on Tuesday. The firm has a market cap of $53.20 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 0.67 and a beta of 1.40. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.20 and a quick ratio of 0.88. AB Volvo has a 52-week low of $18.27 and a 52-week high of $30.14. The stock has a 50-day simple moving average of $27.56 and a 200-day simple moving average of $24.43.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its quarterly earnings results on Friday, January 26th. The company reported $0.56 earnings per share (EPS) for the quarter. AB Volvo (publ) had a return on equity of 28.62% and a net margin of 9.01%. The business had revenue of $13.92 billion during the quarter. On average, equities research analysts expect that AB Volvo will post 2.34 earnings per share for the current fiscal year.

AB Volvo (publ) Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, April 19th. Shareholders of record on Tuesday, April 2nd will be given a $0.718 dividend. This is an increase from AB Volvo (publ)’s previous dividend of $0.50. The ex-dividend date is Monday, April 1st. AB Volvo (publ)’s payout ratio is currently 18.18%.

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.