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

Shares of Autoliv, Inc. (NYSE:ALV) have been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $122.77.

Several analysts recently commented on ALV shares. Wolfe Research assumed coverage on shares of Autoliv in a research note on Thursday, September 5th. They set an “outperform” rating and a $120.00 target price for the company. 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. Barclays cut their target price on Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Robert W. Baird boosted 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. Finally, Wells Fargo & Company decreased their price objective on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a research note on Monday, October 21st.

Autoliv Stock Performance

ALV opened at $97.53 on Wednesday. Autoliv has a 1-year low of $89.51 and a 1-year high of $129.38. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. The business has a 50 day moving average price of $97.05 and a two-hundred day moving average price of $100.89. 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 (NYSE:ALV) last announced its earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.16). Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the business earned $1.66 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. Research analysts predict that Autoliv will post 8.19 EPS for the current fiscal year.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.87%. This is an increase from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, December 3rd. Autoliv’s dividend payout ratio (DPR) is presently 36.46%.

Institutional Trading of Autoliv

A number of institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC boosted its stake in Autoliv by 6.1% during the 3rd quarter. FMR LLC now owns 6,504,605 shares of the auto parts company’s stock valued at $607,335,000 after purchasing an additional 376,665 shares during the period. Swedbank AB lifted its holdings in shares of Autoliv by 8.7% during the third quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock worth $239,707,000 after buying an additional 205,241 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Autoliv by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,316,874 shares of the auto parts company’s stock valued at $140,892,000 after acquiring an additional 40,957 shares during the period. Mondrian Investment Partners LTD grew its stake in shares of Autoliv by 21.8% in the second quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock worth $117,330,000 after acquiring an additional 207,521 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Autoliv by 10.8% during the third quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock worth $92,221,000 after acquiring an additional 95,888 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

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.