Brokerages Set Autoliv, Inc. (NYSE:ALV) PT at $122.46

Shares of Autoliv, Inc. (NYSE:ALV) have been assigned an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $121.50.

A number of analysts have issued reports on the company. Bank of America decreased their price target on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. StockNews.com downgraded Autoliv from a “buy” rating to a “hold” rating in a report on Wednesday, December 25th. Wells Fargo & Company cut their price objective on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. Robert W. Baird upped their target price 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, Barclays dropped their target price on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th.

Autoliv Stock Down 1.7 %

Shares of NYSE:ALV 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 firm’s 50 day moving average price is $96.37 and its 200 day moving average price is $98.12. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59.

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

Autoliv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.00%. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio (DPR) is currently 36.46%.

Institutional Trading of Autoliv

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP increased its holdings 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 $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 period. Farther Finance Advisors LLC raised its position in 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 during the last quarter. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of Autoliv in the 3rd quarter worth $222,000. 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.