Autoliv, Inc. (NYSE:ALV) Receives $122.46 Average Price Target from Analysts

Shares of Autoliv, Inc. (NYSE:ALV) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $121.50.

Several equities research analysts recently commented on the company. StockNews.com cut Autoliv from a “buy” rating to a “hold” rating in a report on Wednesday, December 25th. Bank of America reduced their price target on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Wells Fargo & Company dropped their price objective on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a report on Monday, December 16th. Barclays decreased their target price on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Finally, Robert W. Baird raised their price target on shares of Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 21st.

Autoliv Trading Down 1.7 %

Shares of ALV stock opened at $93.43 on Friday. Autoliv has a fifty-two week low of $89.51 and a fifty-two week high of $129.38. 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’s fifty day moving average is $96.37 and its two-hundred day moving average is $98.12. The firm has a market capitalization of $7.26 billion, a P/E ratio of 12.17, a PEG ratio of 0.90 and a beta of 1.59.

Autoliv (NYSE:ALV) last posted its quarterly earnings results 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). The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.66 earnings per share. Research analysts expect that Autoliv will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.70 per share. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 3.00%. Autoliv’s dividend payout ratio is presently 36.46%.

Hedge Funds Weigh In On Autoliv

Several institutional investors have recently bought and sold shares of ALV. Quarry LP boosted its stake in shares of Autoliv by 133.5% in 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 during the period. Fred Alger Management LLC purchased a new position in Autoliv in the 3rd quarter valued at approximately $45,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Autoliv by 14.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after acquiring an additional 117 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Autoliv by 2,115.5% during the third quarter. Farther Finance Advisors LLC now owns 2,282 shares of the auto parts company’s stock worth $213,000 after acquiring an additional 2,179 shares during the period. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of Autoliv in the third quarter valued at $222,000. 69.57% of the stock is owned by institutional investors and hedge funds.

About Autoliv

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.