Autoliv, Inc. (NYSE:ALV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Autoliv, Inc. (NYSE:ALVGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $122.46.

A number of brokerages have recently issued reports on ALV. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $116.00 price objective on shares of Autoliv in a research note on Tuesday, September 10th. Robert W. Baird boosted their price target on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Barclays reduced their price objective on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. StockNews.com downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a research report on Wednesday, December 25th. Finally, Wells Fargo & Company reduced their price target 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.

Read Our Latest Report on ALV

Institutional Investors Weigh In On Autoliv

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP grew its stake in shares of Autoliv by 133.5% in the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 207 shares in the last quarter. Fred Alger Management LLC bought a new stake in Autoliv in the 3rd quarter worth about $45,000. Benjamin F. Edwards & Company Inc. increased its stake in Autoliv by 14.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after buying an additional 117 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Autoliv by 2,115.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,282 shares of the auto parts company’s stock worth $213,000 after buying an additional 2,179 shares in the last quarter. Finally, Foundations Investment Advisors LLC purchased a new position in shares of Autoliv in the 3rd quarter worth approximately $222,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Stock Performance

Shares of ALV stock opened at $93.29 on Friday. The stock has a market capitalization of $7.25 billion, a PE ratio of 12.15, a PEG ratio of 0.90 and a beta of 1.59. The business’s 50 day simple moving average is $96.49 and its 200 day simple moving average is $98.41. 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 one year low of $89.51 and a one year high of $129.38.

Autoliv (NYSE:ALVGet Free Report) last posted its quarterly earnings data 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). The firm 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 company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.66 earnings per share. As a group, research analysts forecast that Autoliv will post 8.19 earnings per share for the current year.

Autoliv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a dividend of $0.70 per share. This is a boost 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 dividend yield of 3.00%. Autoliv’s payout ratio is presently 36.46%.

About Autoliv

(Get Free Report

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.

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Analyst Recommendations for Autoliv (NYSE:ALV)

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