AB Volvo (publ) (OTCMKTS:VLVLY) Research Coverage Started at Sanford C. Bernstein

Sanford C. Bernstein began coverage on shares of AB Volvo (publ) (OTCMKTS:VLVLY) in a report issued on Tuesday morning, Marketbeat Ratings reports. The firm issued an underperform rating on the stock.

Several other equities analysts have also issued reports on the company. Barclays lowered AB Volvo (publ) from an “equal weight” rating to an “underweight” rating in a report on Tuesday, March 25th. UBS Group raised AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, AB Volvo (publ) presently has an average rating of “Moderate Buy”.

AB Volvo (publ) Stock Performance

OTCMKTS VLVLY opened at $28.03 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. The stock has a market cap of $56.98 billion, a PE ratio of 11.93 and a beta of 1.19. The stock has a fifty day simple moving average of $30.09 and a 200-day simple moving average of $27.03. AB Volvo has a twelve month low of $23.27 and a twelve month high of $33.33.

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

AB Volvo (publ) Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, April 4th will be issued a $1.6823 dividend. The ex-dividend date of this dividend is Friday, April 4th. This is an increase from AB Volvo (publ)’s previous dividend of $0.72. AB Volvo (publ)’s dividend payout ratio (DPR) is currently 25.96%.

About AB Volvo (publ)

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.