Autoliv (NYSE:ALV) Price Target Cut to $102.00 by Analysts at Wells Fargo & Company

Autoliv (NYSE:ALV) had its price objective trimmed by Wells Fargo & Company from $103.00 to $102.00 in a research note issued to investors on Friday morning, Benzinga reports. The firm currently has an equal weight rating on the auto parts company’s stock.

Several other brokerages have also issued reports on ALV. Robert W. Baird dropped their target price on shares of Autoliv from $128.00 to $111.00 and set a neutral rating on the stock in a research report on Monday, July 22nd. Evercore ISI dropped their price objective on shares of Autoliv from $150.00 to $140.00 and set an outperform rating for the company in a report on Monday, July 22nd. Hsbc Global Res upgraded Autoliv to a strong-buy rating in a research report on Monday, July 15th. Wolfe Research initiated coverage on shares of Autoliv in a research report on Thursday, September 5th. They set an outperform rating and a $120.00 price objective for the company. Finally, Barclays cut their price target on shares of Autoliv from $125.00 to $115.00 and set an equal weight rating on the stock in a research note on Monday, July 22nd. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $124.71.

Autoliv Stock Down 3.9 %

NYSE:ALV opened at $92.79 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.73. The firm has a market cap of $7.55 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60. The company has a 50-day moving average of $98.98 and a 200 day moving average of $111.38. Autoliv has a 1-year low of $89.37 and a 1-year high of $129.38.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, July 19th. The auto parts company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.57). The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.73 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. Autoliv’s revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the business earned $1.93 earnings per share. As a group, research analysts anticipate that Autoliv will post 9.05 EPS for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Wednesday, September 4th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Wednesday, September 4th. Autoliv’s dividend payout ratio (DPR) is 42.43%.

Institutional Investors Weigh In On Autoliv

A number of hedge funds have recently bought and sold shares of the business. KRS Capital Management LLC boosted its holdings in Autoliv by 3.7% in the first quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock worth $336,000 after purchasing an additional 100 shares during the period. State of Michigan Retirement System raised its stake in Autoliv by 0.6% during the first quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock worth $2,180,000 after acquiring an additional 100 shares during the period. GAMMA Investing LLC lifted its holdings in Autoliv by 62.7% in the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 101 shares during the last quarter. Corient Private Wealth LLC boosted its stake in Autoliv by 1.1% in the fourth quarter. Corient Private Wealth LLC now owns 9,490 shares of the auto parts company’s stock valued at $1,046,000 after acquiring an additional 107 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Autoliv by 14.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 117 shares during the last quarter. Institutional investors and hedge funds 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.