Autoliv, Inc. (NYSE:ALV) Receives $124.14 Average Target Price from Analysts

Shares of Autoliv, Inc. (NYSE:ALV) have earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $122.77.

Several research firms have weighed in on ALV. Barclays dropped their target price on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Wells Fargo & Company reduced their target price on Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a research note on Monday, October 21st. Robert W. Baird lifted their price target on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Evercore ISI cut their price objective on Autoliv from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Finally, Wolfe Research assumed coverage on Autoliv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 target price on the stock.

Hedge Funds Weigh In On Autoliv

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in shares of Autoliv by 62.7% during the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after buying an additional 101 shares during the period. Register Financial Advisors LLC acquired a new position in Autoliv during the first quarter worth $36,000. Quarry LP lifted its holdings in Autoliv by 133.5% during the second quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 207 shares in the last quarter. Headlands Technologies LLC grew its position in shares of Autoliv by 427.6% in the first quarter. Headlands Technologies LLC now owns 823 shares of the auto parts company’s stock valued at $99,000 after purchasing an additional 667 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Autoliv by 244.4% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 837 shares of the auto parts company’s stock worth $101,000 after purchasing an additional 594 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Price Performance

NYSE ALV opened at $97.12 on Tuesday. The firm’s fifty day simple moving average is $96.28 and its two-hundred day simple moving average is $106.58. The firm has a market capitalization of $7.90 billion, a P/E ratio of 15.15, a P/E/G ratio of 0.82 and a beta of 1.60. 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 12-month low of $89.37 and a 12-month high of $129.38.

Autoliv (NYSE:ALV) last posted its quarterly earnings data 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). Autoliv had a return on equity of 30.05% and a net margin of 5.91%. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the business earned $1.66 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. Analysts forecast that Autoliv will post 8.44 EPS for the current fiscal year.

Autoliv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Wednesday, September 4th were issued a $0.68 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.72 dividend on an annualized basis and a yield of 2.80%. Autoliv’s payout ratio is 42.43%.

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.