AB Volvo (publ) (OTCMKTS:VLVLY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of AB Volvo (publ) (OTCMKTS:VLVLY) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and two have issued a strong buy rating on the company.

A number of brokerages recently weighed in on VLVLY. UBS Group raised shares of AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. Barclays cut AB Volvo (publ) from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, March 25th. Finally, Sanford C. Bernstein assumed coverage on AB Volvo (publ) in a research note on Tuesday, April 1st. They set an “underperform” rating on the stock.

AB Volvo (publ) Price Performance

AB Volvo (publ) stock opened at $24.49 on Tuesday. The business’s fifty day moving average is $29.63 and its two-hundred day moving average is $26.94. 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 firm has a market cap of $49.79 billion, a P/E ratio of 10.42 and a beta of 1.19. AB Volvo has a 52 week low of $22.55 and a 52 week high of $33.33.

AB Volvo (publ) (OTCMKTS:VLVLY) last issued 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%. Equities research analysts forecast that AB Volvo will post 2.38 earnings per share for the current fiscal year.

AB Volvo (publ) Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, April 4th will be paid a $1.6823 dividend. 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 dividend payout ratio (DPR) 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.