Shares of AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $32.29 and last traded at $32.17, with a volume of 85158 shares. The stock had previously closed at $31.32.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on VLVLY. JPMorgan Chase & Co. upgraded AB Volvo (publ) from a "neutral" rating to an "overweight" rating in a research report on Wednesday, November 27th. UBS Group upgraded shares of AB Volvo (publ) from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 26th. Two equities 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 stock. Based on data from MarketBeat, AB Volvo (publ) has an average rating of "Buy".
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AB Volvo (publ) Stock Up 2.1 %
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 50 day moving average price of $27.99 and a 200-day moving average price of $26.35. The stock has a market capitalization of $67.58 billion, a P/E ratio of 14.14 and a beta of 1.30.
AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) last posted its quarterly 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%. As a group, research analysts expect that AB Volvo will post 2.38 EPS for the current fiscal year.
AB Volvo (publ) Increases Dividend
The company also recently declared a dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, April 4th will be issued a dividend of $1.6823 per share. This is a positive change 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 currently 25.96%.
AB Volvo (publ) Company Profile
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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.
See Also
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