Autoliv, Inc. (NYSE:ALV) Receives $122.77 Average Price Target from Brokerages

Shares of Autoliv, Inc. (NYSE:ALV) have received an average recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $122.77.

Several research analysts have commented on the stock. Robert W. Baird raised their price target on shares of Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $116.00 price objective on shares of Autoliv in a research note on Tuesday, September 10th. Evercore ISI decreased their target price on Autoliv from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Citigroup dropped their price target on Autoliv from $119.00 to $108.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Finally, Wells Fargo & Company decreased their price objective on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a research report on Monday, October 21st.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ALV. Fortem Financial Group LLC purchased a new position in Autoliv in the 3rd quarter worth approximately $609,000. Neo Ivy Capital Management increased its stake in shares of Autoliv by 226.6% in the third quarter. Neo Ivy Capital Management now owns 19,842 shares of the auto parts company’s stock worth $1,852,000 after buying an additional 13,766 shares during the period. Geode Capital Management LLC raised its holdings in Autoliv by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock valued at $92,221,000 after buying an additional 95,888 shares during the last quarter. Barclays PLC grew its holdings in Autoliv by 41.5% in the 3rd quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock worth $2,821,000 after acquiring an additional 8,859 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its position in shares of Autoliv by 11.2% in the third quarter. Y Intercept Hong Kong Ltd now owns 18,061 shares of the auto parts company’s stock valued at $1,686,000 after acquiring an additional 1,816 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Performance

Shares of ALV opened at $98.11 on Friday. Autoliv has a 52-week low of $89.51 and a 52-week high of $129.38. The stock’s 50-day simple moving average is $95.40 and its 200 day simple moving average is $104.44. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 0.88 and a beta of 1.59.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the company posted $1.66 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. Research analysts forecast that Autoliv will post 8.19 EPS for the current fiscal year.

Autoliv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.85%. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, December 3rd. Autoliv’s dividend payout ratio is presently 36.46%.

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.