AB Volvo (publ) (OTCMKTS:VLVLY) Cut to Underweight at Barclays

Barclays downgraded shares of AB Volvo (publ) (OTCMKTS:VLVLY) from an equal weight rating to an underweight rating in a report released on Tuesday, Marketbeat.com reports.

A number of other brokerages have also weighed in on VLVLY. UBS Group raised AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, AB Volvo (publ) has a consensus rating of “Moderate Buy”.

AB Volvo (publ) Stock Up 0.5 %

Shares of OTCMKTS:VLVLY opened at $30.61 on Tuesday. AB Volvo has a fifty-two week low of $23.27 and a fifty-two week high of $33.33. The company has a quick ratio of 0.97, a current ratio of 1.28 and a debt-to-equity ratio of 0.81. The firm’s 50-day simple moving average is $29.77 and its 200-day simple moving average is $26.86. The company has a market cap of $62.23 billion, a price-to-earnings ratio of 13.03 and a beta of 1.30.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its quarterly earnings data 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%. As a group, equities research analysts predict that AB Volvo will post 2.38 earnings per share for the current year.

AB Volvo (publ) Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, April 4th will be issued a dividend of $1.6823 per share. The ex-dividend date of this dividend is Friday, April 4th. This is a boost 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.