AB Volvo (publ) (OTCMKTS:VLVLY) Downgraded by Kepler Capital Markets to “Hold”

Kepler Capital Markets cut shares of AB Volvo (publ) (OTCMKTS:VLVLYGet Rating) from a buy rating to a hold rating in a research report released on Thursday, The Fly reports.

Several other research analysts also recently commented on the company. Zacks Investment Research upgraded AB Volvo (publ) from a sell rating to a hold rating in a report on Wednesday, March 9th. The Goldman Sachs Group downgraded AB Volvo (publ) from a conviction-buy rating to a buy rating in a report on Friday, March 25th. Finally, JPMorgan Chase & Co. downgraded AB Volvo (publ) from an overweight rating to a neutral rating in a report on Wednesday, January 5th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, AB Volvo (publ) currently has an average rating of Hold and a consensus price target of $114.50.

OTCMKTS VLVLY opened at $16.73 on Thursday. The stock’s 50-day simple moving average is $19.83 and its two-hundred day simple moving average is $21.86. AB Volvo has a twelve month low of $15.66 and a twelve month high of $27.64. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $34.02 billion, a price-to-earnings ratio of 8.90 and a beta of 1.33.

AB Volvo (publ) (OTCMKTS:VLVLYGet Rating) last released its quarterly earnings data on Friday, January 28th. The company reported $0.44 EPS for the quarter. The firm had revenue of $11.56 billion for the quarter. AB Volvo (publ) had a return on equity of 26.45% and a net margin of 8.84%. On average, equities analysts expect that AB Volvo will post 1.77 earnings per share for the current fiscal year.

The company also recently disclosed a dividend, which will be paid on Thursday, April 28th. Shareholders of record on Friday, April 8th will be given a dividend of $1.1187 per share. The ex-dividend date of this dividend is Thursday, April 7th. This represents a yield of 10.38%. AB Volvo (publ)’s payout ratio is 59.57%.

About AB Volvo (publ) (Get Rating)

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The company offers trucks for long-haulage, construction, mining, and distribution purposes under the Volvo, UD Trucks, Renault Trucks, Mack, Eicher, Arquus, cellcentric, and Dongfeng Trucks brands; and city and intercity buses, coaches, and bus chassis, as well as associated transport systems under the Prevost and Nova Bus brands.

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