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

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

VLVLY has been the subject of a number of research reports. UBS Group raised AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th.

AB Volvo (publ) Price Performance

VLVLY stock opened at $31.95 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.28. The company’s fifty day moving average price is $28.98 and its 200-day moving average price is $26.62. AB Volvo has a one year low of $23.27 and a one year high of $33.33. The company has a market capitalization of $64.95 billion, a PE ratio of 13.60 and a beta of 1.30.

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

AB Volvo (publ) Increases Dividend

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