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

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

Several other analysts have also weighed in on the company. JPMorgan Chase & Co. raised AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

AB Volvo (publ) Price Performance

AB Volvo (publ) stock opened at $30.87 on Tuesday. The company has a market cap of $62.76 billion, a P/E ratio of 13.14 and a beta of 1.30. AB Volvo has a one year low of $23.27 and a one year high of $33.33. The business has a fifty day moving average of $29.56 and a two-hundred day moving average of $26.81. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.28.

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

AB Volvo (publ) Increases Dividend

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