Autoliv (NYSE:ALV) Price Target Raised to $108.00

Autoliv (NYSE:ALV) had its price target increased by Robert W. Baird from $103.00 to $108.00 in a research report report published on Monday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the auto parts company’s stock.

A number of other analysts also recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of Autoliv from $103.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Friday, September 20th. Wolfe Research started coverage on shares of Autoliv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price target on the stock. Hsbc Global Res upgraded shares of Autoliv to a “strong-buy” rating in a report on Monday, July 15th. Bank of America dropped their target price 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. Finally, Evercore ISI dropped their target price on shares of Autoliv from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $124.14.

Autoliv Stock Down 0.9 %

Shares of NYSE ALV opened at $96.51 on Monday. The firm has a market capitalization of $7.85 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 0.82 and a beta of 1.60. The firm’s 50-day moving average is $96.57 and its 200-day moving average is $107.17. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67. Autoliv has a 1 year low of $89.37 and a 1 year high of $129.38.

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

Autoliv Dividend Announcement

The company also recently announced 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 was Wednesday, September 4th. This represents a $2.72 annualized dividend and a dividend yield of 2.82%. Autoliv’s dividend payout ratio is presently 42.43%.

Hedge Funds Weigh In On Autoliv

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Values First Advisors Inc. grew its stake in shares of Autoliv by 16.1% in the third quarter. Values First Advisors Inc. now owns 2,824 shares of the auto parts company’s stock valued at $264,000 after buying an additional 392 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Autoliv by 203.8% in the third quarter. Assenagon Asset Management S.A. now owns 106,563 shares of the auto parts company’s stock valued at $9,950,000 after buying an additional 71,487 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Autoliv by 82.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,031 shares of the auto parts company’s stock valued at $376,000 after buying an additional 1,824 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in Autoliv during the third quarter worth $222,000. Finally, New Century Financial Group LLC bought a new position in Autoliv during the third quarter worth $940,000. 69.57% of the stock is owned by institutional investors.

Autoliv Company Profile

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.