Autoliv, Inc. (NYSE:ALV) Receives $121.62 Consensus Price Target from Brokerages

Autoliv, Inc. (NYSE:ALV) has received a consensus rating of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $119.85.

A number of research firms recently issued reports on ALV. Mizuho lowered their target price on Autoliv from $115.00 to $112.00 and set an “outperform” rating for the company in a research note on Monday. Robert W. Baird increased their target price on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Barclays lowered their target price on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Wells Fargo & Company decreased their price target on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a research note on Monday, December 16th. Finally, Daiwa Capital Markets raised shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price target for the company in a research note on Tuesday, January 7th.

Institutional Investors Weigh In On Autoliv

Several large investors have recently made changes to their positions in the stock. FMR LLC boosted its holdings in shares of Autoliv by 6.1% in the 3rd quarter. FMR LLC now owns 6,504,605 shares of the auto parts company’s stock valued at $607,335,000 after buying an additional 376,665 shares during the last quarter. Swedbank AB lifted its holdings in Autoliv by 8.7% during the 3rd quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock valued at $239,707,000 after purchasing an additional 205,241 shares during the last quarter. Geode Capital Management LLC lifted 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 purchasing an additional 95,888 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Autoliv by 21.2% during the 3rd quarter. Wellington Management Group LLP now owns 910,437 shares of the auto parts company’s stock valued at $85,008,000 after purchasing an additional 159,067 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Autoliv by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,629 shares of the auto parts company’s stock valued at $45,530,000 after purchasing an additional 4,060 shares during the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Stock Performance

Shares of NYSE:ALV opened at $93.95 on Thursday. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 0.72 and a beta of 1.58. The firm’s 50 day simple moving average is $96.48 and its 200 day simple moving average is $96.77. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71. Autoliv has a fifty-two week low of $89.51 and a fifty-two week high of $129.38.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. As a group, sell-side analysts forecast that Autoliv will post 10.05 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. Stockholders of record on Tuesday, December 3rd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.98%. The ex-dividend date was Tuesday, December 3rd. This is an increase from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio is presently 34.70%.

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.