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

Autoliv, Inc. (NYSE:ALV) has earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $122.77.

ALV has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $116.00 target price on shares of Autoliv in a research note on Tuesday, September 10th. Robert W. Baird raised their target price on shares of Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Bank of America decreased their target price on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Wells Fargo & Company reduced their price target on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a research report on Monday, October 21st. Finally, StockNews.com raised shares of Autoliv from a “hold” rating to a “buy” rating in a research report on Friday, November 8th.

Autoliv Trading Down 0.4 %

ALV stock opened at $97.97 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69. Autoliv has a 12-month low of $89.51 and a 12-month high of $129.38. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 0.91 and a beta of 1.59. The business’s 50-day moving average is $95.39 and its 200 day moving average is $104.83.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.16). Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the firm posted $1.66 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts anticipate that Autoliv will post 8.19 EPS for the current fiscal year.

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. This is a boost from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.86%. The ex-dividend date is Tuesday, December 3rd. Autoliv’s payout ratio is presently 35.42%.

Institutional Trading of Autoliv

Several hedge funds and other institutional investors have recently bought and sold shares of ALV. GAMMA Investing LLC boosted its holdings in shares of Autoliv by 62.7% in the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 101 shares during the last quarter. Quarry LP lifted its holdings in shares of Autoliv by 133.5% during the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 207 shares in the last quarter. Fred Alger Management LLC acquired a new position in shares of Autoliv during the 3rd quarter valued at $45,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Autoliv by 14.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after acquiring an additional 117 shares in the last quarter. Finally, Wahed Invest LLC lifted its holdings in shares of Autoliv by 13.6% during the 1st quarter. Wahed Invest LLC now owns 1,452 shares of the auto parts company’s stock valued at $175,000 after acquiring an additional 174 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

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.