Daiwa Capital Markets Upgrades Autoliv (NYSE:ALV) to Outperform

Daiwa Capital Markets upgraded shares of Autoliv (NYSE:ALV) from a neutral rating to an outperform rating in a report released on Tuesday morning, MarketBeat Ratings reports. Daiwa Capital Markets currently has $109.00 target price on the auto parts company’s stock.

Several other equities research analysts also recently weighed in on ALV. Bank of America cut their price target on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $116.00 target price on shares of Autoliv in a research note on Tuesday, September 10th. StockNews.com cut Autoliv from a “buy” rating to a “hold” rating in a research report on Wednesday, December 25th. Robert W. Baird upped their price objective on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, Barclays dropped their price objective on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $121.50.

Autoliv Price Performance

Shares of NYSE ALV opened at $93.43 on Tuesday. Autoliv has a 52 week low of $89.51 and a 52 week high of $129.38. The business’s 50 day moving average price is $96.37 and its 200 day moving average price is $98.12. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The firm has a market cap of $7.26 billion, a P/E ratio of 12.17, a P/E/G ratio of 0.90 and a beta of 1.59.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.16). The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $1.66 earnings per share. On average, sell-side analysts expect that Autoliv will post 8.19 earnings per share for the current year.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.00%. This is an increase from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Tuesday, December 3rd. Autoliv’s dividend payout ratio (DPR) is presently 36.46%.

Institutional Trading of Autoliv

Several institutional investors have recently modified their holdings of ALV. Quarry LP lifted its stake in Autoliv by 133.5% in the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after buying an additional 207 shares in the last quarter. Fred Alger Management LLC acquired a new position in shares of Autoliv during the third quarter valued at approximately $45,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Autoliv by 14.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after acquiring an additional 117 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Autoliv by 2,115.5% in the third quarter. Farther Finance Advisors LLC now owns 2,282 shares of the auto parts company’s stock valued at $213,000 after acquiring an additional 2,179 shares in the last quarter. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of Autoliv in the third quarter worth approximately $222,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

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.