AB Volvo (publ) (OTCMKTS:VLVLY) Receives Average Recommendation of "Hold" from Analysts

Shares of AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) have received a consensus recommendation of "Hold" from the six ratings firms that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

Separately, Sanford C. Bernstein cut AB Volvo (publ) from an "outperform" rating to a "market perform" rating in a research note on Monday, January 29th.

AB Volvo (publ) Stock Performance

OTCMKTS:VLVLY remained flat at $27.73 during trading hours on Tuesday. The company had a trading volume of 39,817 shares, compared to its average volume of 40,543. AB Volvo has a 52-week low of $17.94 and a 52-week high of $30.14. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.20 and a quick ratio of 0.88. The company has a market capitalization of $56.39 billion, a PE ratio of 12.00, a P/E/G ratio of 0.72 and a beta of 1.40. The company has a 50-day simple moving average of $27.31 and a two-hundred day simple moving average of $24.21.

AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) last announced its quarterly earnings results on Friday, January 26th. The company reported $0.56 earnings per share (EPS) for the quarter. The firm had revenue of $13.92 billion during the quarter. AB Volvo (publ) had a return on equity of 28.62% and a net margin of 9.01%. On average, sell-side analysts forecast that AB Volvo will post 2.27 earnings per share for the current year.

AB Volvo (publ) Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 19th. Shareholders of record on Tuesday, April 2nd will be given a $0.718 dividend. The ex-dividend date is Monday, April 1st. This is a positive change from AB Volvo (publ)'s previous dividend of $0.50. AB Volvo (publ)'s dividend payout ratio (DPR) is 22.94%.

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.