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

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

A number of equities research analysts have recently weighed in on VLVLY shares. JPMorgan Chase & Co. upgraded shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. UBS Group upgraded shares of AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th.

AB Volvo (publ) Price Performance

VLVLY stock opened at $30.29 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.28 and a quick ratio of 0.97. AB Volvo has a one year low of $23.27 and a one year high of $33.33. The stock has a market cap of $61.58 billion, a PE ratio of 12.89 and a beta of 1.30. The firm has a 50 day simple moving average of $28.56 and a two-hundred day simple moving average of $26.50.

AB Volvo (publ) (OTCMKTS:VLVLY) last released its quarterly earnings results 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%. On average, analysts predict that AB Volvo will post 2.38 EPS 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. Stockholders of record on Friday, April 4th will be issued a $1.6823 dividend. This is a positive change from AB Volvo (publ)’s previous dividend of $0.72. The ex-dividend date of this dividend is Friday, April 4th. AB Volvo (publ)’s 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.