Autoliv (NYSE:ALV) Price Target Cut to $101.00 by Analysts at Wells Fargo & Company

Autoliv (NYSE:ALV) had its target price cut by Wells Fargo & Company from $102.00 to $101.00 in a research report sent to investors on Monday, Benzinga reports. They currently have an equal weight rating on the auto parts company’s stock.

Several other research firms also recently issued reports on ALV. HSBC assumed coverage on Autoliv in a research report on Monday, July 15th. They issued a “buy” rating and a $134.00 target price on the stock. Evercore ISI reduced their price objective on Autoliv from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Robert W. Baird upped their target price on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday. Citigroup reduced their price target on shares of Autoliv from $119.00 to $108.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Finally, Bank of America dropped their price objective on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Autoliv currently has a consensus rating of “Moderate Buy” and an average price target of $124.14.

Autoliv Trading Down 2.8 %

Autoliv stock opened at $96.77 on Monday. Autoliv has a one year low of $89.37 and a one year high of $129.38. The stock has a market cap of $7.87 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 0.82 and a beta of 1.60. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.73 and a current ratio of 0.98. The stock has a 50-day moving average of $96.58 and a two-hundred day moving average of $107.40.

Autoliv (NYSE:ALV) last released its earnings results on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). Autoliv had a return on equity of 30.05% and a net margin of 5.91%. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business earned $1.66 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, research analysts anticipate that Autoliv will post 8.44 EPS for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Wednesday, September 4th were paid a $0.68 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.72 annualized dividend and a dividend yield of 2.81%. Autoliv’s dividend payout ratio is presently 42.43%.

Institutional Trading of Autoliv

Several institutional investors have recently bought and sold shares of ALV. State of Michigan Retirement System raised its stake in shares of Autoliv by 0.6% during the 1st quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock worth $2,180,000 after buying an additional 100 shares during the period. KRS Capital Management LLC lifted its holdings in Autoliv by 3.7% during the first quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock valued at $336,000 after purchasing an additional 100 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Autoliv by 62.7% in the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 101 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of Autoliv by 14.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 117 shares in the last quarter. Finally, Smithfield Trust Co raised its position in shares of Autoliv by 12.1% during the 1st quarter. Smithfield Trust Co now owns 1,330 shares of the auto parts company’s stock worth $160,000 after purchasing an additional 144 shares during the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.