AB Volvo (publ) (OTCMKTS:VLVLY) Coverage Initiated by Analysts at Sanford C. Bernstein

Sanford C. Bernstein began coverage on shares of AB Volvo (publ) (OTCMKTS:VLVLY) in a research report sent to investors on Tuesday, Marketbeat reports. The firm issued an underperform rating on the stock.

Several other analysts have also recently issued reports on VLVLY. Barclays cut AB Volvo (publ) from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, March 25th. UBS Group raised AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy”.

AB Volvo (publ) Stock Down 0.2 %

Shares of VLVLY opened at $29.23 on Tuesday. The company’s 50-day simple moving average is $29.99 and its 200-day simple moving average is $27.00. 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 has a 1 year low of $23.27 and a 1 year high of $33.33. The stock has a market capitalization of $59.42 billion, a PE ratio of 12.44 and a beta of 1.30.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its earnings results on Wednesday, January 29th. The company reported $0.49 earnings per share for the quarter. AB Volvo (publ) had a net margin of 9.57% and a return on equity of 27.91%. 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 announced a dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, April 4th will be issued 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 is 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.