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

Sanford C. Bernstein started coverage on shares of AB Volvo (publ) (OTCMKTS:VLVLY) in a research report report published on Tuesday morning, Marketbeat.com reports. The brokerage issued an underperform rating on the stock.

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

AB Volvo (publ) Price Performance

VLVLY stock opened at $29.23 on Tuesday. AB Volvo has a 1 year low of $23.27 and a 1 year high of $33.33. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.28 and a quick ratio of 0.97. The firm has a market capitalization of $59.42 billion, a PE ratio of 12.44 and a beta of 1.30. The business has a 50 day simple moving average of $29.99 and a 200-day simple moving average of $27.00.

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

AB Volvo (publ) Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, April 4th will be given 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.