Analysts Set Autoliv, Inc. (NYSE:ALV) PT at $122.77

Shares of Autoliv, Inc. (NYSE:ALV) have been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $122.46.

ALV has been the topic of several research reports. Bank of America dropped their price target on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. StockNews.com downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a report on Monday. Robert W. Baird raised their target price on shares of Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Wells Fargo & Company dropped their price target on Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Wolfe Research began coverage on Autoliv in a research report on Thursday, September 5th. They set an “outperform” rating and a $120.00 price objective for the company.

Institutional Trading of Autoliv

Hedge funds have recently made changes to their positions in the stock. Cetera Advisors LLC increased its stake in shares of Autoliv by 44.2% in the first quarter. Cetera Advisors LLC now owns 4,199 shares of the auto parts company’s stock worth $506,000 after acquiring an additional 1,287 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Autoliv by 13.5% during the 2nd quarter. SG Americas Securities LLC now owns 3,446 shares of the auto parts company’s stock worth $369,000 after purchasing an additional 409 shares in the last quarter. M&G Plc lifted its holdings in shares of Autoliv by 4.9% during the 2nd quarter. M&G Plc now owns 12,501 shares of the auto parts company’s stock valued at $1,338,000 after buying an additional 579 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Autoliv by 6.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 9,649 shares of the auto parts company’s stock valued at $1,032,000 after buying an additional 544 shares during the last quarter. Finally, Swedbank AB grew its stake in shares of Autoliv by 20.5% in the 2nd quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company’s stock valued at $252,715,000 after buying an additional 402,426 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Price Performance

Shares of NYSE:ALV opened at $94.31 on Wednesday. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 0.90 and a beta of 1.59. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. Autoliv has a 12 month low of $89.51 and a 12 month high of $129.38. The stock’s 50 day moving average price is $97.10 and its 200 day moving average price is $100.67.

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

Autoliv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors 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 2.97%. 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 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.