AB Volvo (publ) (OTCMKTS:VLVLY) Receives Consensus Rating of “Moderate Buy” from Brokerages

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

VLVLY has been the subject of a number of recent analyst reports. Barclays downgraded AB Volvo (publ) from an “equal weight” rating to an “underweight” rating in a report on Tuesday, March 25th. UBS Group raised shares of AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. Finally, Sanford C. Bernstein began coverage on AB Volvo (publ) in a research report on Tuesday, April 1st. They set an “underperform” rating for the company.

AB Volvo (publ) Stock Up 2.8 %

Shares of OTCMKTS:VLVLY opened at $25.18 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.28 and a debt-to-equity ratio of 0.81. The firm has a market cap of $51.19 billion, a P/E ratio of 10.71 and a beta of 1.19. The company’s 50-day moving average price is $29.57 and its two-hundred day moving average price is $26.94. AB Volvo has a 12 month low of $22.55 and a 12 month high of $33.33.

AB Volvo (publ) (OTCMKTS:VLVLY) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.49 earnings per share for the quarter. AB Volvo (publ) had a return on equity of 27.91% and a net margin of 9.57%. As a group, research analysts forecast that AB Volvo will post 2.38 EPS for the current fiscal year.

AB Volvo (publ) Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, April 4th will be issued 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 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.