Barclays downgraded shares of AB Volvo (publ) (OTCMKTS:VLVLY - Free Report) from an equal weight rating to an underweight rating in a research report sent to investors on Tuesday, MarketBeat.com reports.
Several other equities research analysts have also recently issued reports on VLVLY. 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. JPMorgan Chase & Co. upgraded AB Volvo (publ) from a "neutral" rating to an "overweight" rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, AB Volvo (publ) currently has an average rating of "Moderate Buy".
Check Out Our Latest Research Report on AB Volvo (publ)
AB Volvo (publ) Trading Down 1.5 %
VLVLY traded down $0.47 during trading on Tuesday, hitting $30.14. The company's stock had a trading volume of 45,404 shares, compared to its average volume of 197,774. AB Volvo has a twelve month low of $23.27 and a twelve month high of $33.33. The firm's 50 day moving average price is $29.86 and its 200-day moving average price is $26.92. 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 stock has a market cap of $61.27 billion, a PE ratio of 12.83 and a beta of 1.30.
AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) last released its earnings results 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%. On average, analysts expect that AB Volvo will post 2.38 earnings per share for the current year.
AB Volvo (publ) Increases Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, April 4th will be given a $1.6823 dividend. This is an increase 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 (DPR) is 25.96%.
About AB Volvo (publ)
(
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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.
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