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

AB Volvo (publ) (OTCMKTS:VLVLY) has earned an average rating of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company.

VLVLY has been the subject of several research analyst 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. raised shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th.

AB Volvo (publ) Stock Performance

OTCMKTS VLVLY opened at $31.19 on Friday. The company has a 50-day simple moving average of $28.70 and a two-hundred day simple moving average of $26.54. The company has a quick ratio of 0.97, a current ratio of 1.28 and a debt-to-equity ratio of 0.81. AB Volvo has a 12-month low of $23.27 and a 12-month high of $33.33. The firm has a market cap of $63.41 billion, a price-to-earnings ratio of 13.27 and a beta of 1.30.

AB Volvo (publ) (OTCMKTS:VLVLY) last posted 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%. On average, equities analysts forecast that AB Volvo will post 2.38 EPS for the current year.

AB Volvo (publ) Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, April 4th will be paid a dividend of $1.6823 per share. 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 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.