AB Volvo (publ) (OTCMKTS:VLVLY) Receives Consensus Rating of “Hold” from Analysts

Shares of AB Volvo (publ) (OTCMKTS:VLVLYGet Rating) have received an average recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $214.50.

VLVLY has been the subject of several recent research reports. The Goldman Sachs Group downgraded AB Volvo (publ) from a “conviction-buy” rating to a “buy” rating in a research report on Friday, March 25th. Royal Bank of Canada raised their price target on AB Volvo (publ) from SEK 222 to SEK 224 in a research report on Tuesday, April 26th. JPMorgan Chase & Co. dropped their price target on AB Volvo (publ) from SEK 210 to SEK 205 in a research report on Friday, April 8th. Kepler Capital Markets downgraded AB Volvo (publ) from a “buy” rating to a “hold” rating in a research report on Thursday, April 7th. Finally, Zacks Investment Research raised AB Volvo (publ) from a “sell” rating to a “hold” rating in a research report on Saturday.

OTCMKTS VLVLY opened at $15.85 on Friday. AB Volvo has a 1-year low of $15.66 and a 1-year high of $27.64. The company has a market capitalization of $32.23 billion, a P/E ratio of 9.16, a PEG ratio of 1.00 and a beta of 1.33. The business has a 50 day moving average price of $17.91 and a 200 day moving average price of $21.22. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.21 and a quick ratio of 0.89.

AB Volvo (publ) (OTCMKTS:VLVLYGet Rating) last released its quarterly earnings data on Friday, April 22nd. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). AB Volvo (publ) had a net margin of 8.14% and a return on equity of 27.66%. The firm had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $10.21 billion. On average, research analysts expect that AB Volvo will post 1.75 earnings per share for the current fiscal year.

The firm also recently disclosed a dividend, which was paid on Thursday, April 28th. Stockholders of record on Friday, April 8th were issued a dividend of $1.1187 per share. This represents a dividend yield of 10.38%. The ex-dividend date was Thursday, April 7th. AB Volvo (publ)’s dividend payout ratio (DPR) is 63.58%.

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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Analyst Recommendations for AB Volvo (publ) (OTCMKTS:VLVLY)

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