Wells Fargo & Company Cuts Autoliv (NYSE:ALV) Price Target to $97.00

Autoliv (NYSE:ALV) had its price target lowered by Wells Fargo & Company from $101.00 to $97.00 in a research report report published on Monday,Benzinga reports. The firm currently has an equal weight rating on the auto parts company’s stock.

Other research analysts also recently issued reports about the stock. StockNews.com raised shares of Autoliv from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Robert W. Baird increased their price objective on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Bank of America decreased their target price on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Wolfe Research assumed coverage on Autoliv in a research report on Thursday, September 5th. They set an “outperform” rating and a $120.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $116.00 price objective on shares of Autoliv in a report on Tuesday, September 10th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.46.

Autoliv Trading Down 3.0 %

Shares of ALV stock opened at $91.51 on Monday. 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 company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 0.90 and a beta of 1.59. Autoliv has a 52-week low of $89.51 and a 52-week high of $129.38. The company has a 50-day simple moving average of $97.11 and a two-hundred day simple moving average of $100.43.

Autoliv (NYSE:ALV) last released its earnings results 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). The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The business’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.66 earnings per share. Research analysts anticipate that Autoliv will post 8.19 EPS for the current fiscal year.

Autoliv Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.06%. This is a boost from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, December 3rd. Autoliv’s payout ratio is presently 36.46%.

Institutional Trading of Autoliv

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP increased its position in shares of Autoliv by 133.5% in the second quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 207 shares during the last quarter. Fred Alger Management LLC purchased a new stake 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 worth $102,000 after acquiring an additional 117 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in Autoliv in the second quarter worth $156,000. Finally, Rothschild Investment LLC bought a new position in Autoliv in the second quarter valued at $209,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

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.