AB Volvo (publ) (OTCMKTS:VLVLY) Receives Consensus Recommendation of “Buy” from Analysts

Shares of AB Volvo (publ) (OTCMKTS:VLVLY) have been given an average rating of “Buy” by the seven research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company.

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

AB Volvo (publ) Stock Performance

Shares of OTCMKTS VLVLY opened at $31.19 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 has a market cap of $63.41 billion, a P/E ratio of 13.27 and a beta of 1.30. The firm’s fifty day moving average is $28.70 and its two-hundred day moving average is $26.54. AB Volvo has a 52-week low of $23.27 and a 52-week high of $33.33.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.49 earnings per share (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 anticipate that AB Volvo will post 2.38 EPS 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. Shareholders of record on Friday, April 4th will be given a $1.6823 dividend. This is a boost from AB Volvo (publ)’s previous dividend of $0.72. The ex-dividend date is Friday, April 4th. AB Volvo (publ)’s payout ratio is 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.