Brokerages Set Autoliv, Inc. (NYSE:ALV) Target Price at $124.14

Autoliv, Inc. (NYSE:ALV) has been given a consensus recommendation of “Moderate Buy” by the fifteen research firms that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $122.77.

Several research analysts have recently commented on the company. Robert W. Baird boosted their price target on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Bank of America reduced their target price on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. HSBC assumed coverage on shares of Autoliv in a report on Monday, July 15th. They issued a “buy” rating and a $134.00 price target on the stock. Wolfe Research assumed coverage on shares of Autoliv in a research note on Thursday, September 5th. They set an “outperform” rating and a $120.00 price objective for the company. Finally, Citigroup lowered their target price on shares of Autoliv from $119.00 to $108.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd.

Hedge Funds Weigh In On Autoliv

Institutional investors have recently bought and sold shares of the business. 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 acquiring an additional 101 shares during the last quarter. Register Financial Advisors LLC purchased a new stake in Autoliv in the first quarter valued at $36,000. Quarry LP grew its position in Autoliv by 133.5% during the 2nd 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 period. Headlands Technologies LLC raised its stake in shares of Autoliv by 427.6% during the 1st quarter. Headlands Technologies LLC now owns 823 shares of the auto parts company’s stock valued at $99,000 after buying an additional 667 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Autoliv by 244.4% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 837 shares of the auto parts company’s stock valued at $101,000 after buying an additional 594 shares during the period. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Stock Performance

ALV stock opened at $94.74 on Tuesday. Autoliv has a 1-year low of $89.37 and a 1-year high of $129.38. The business has a 50-day moving average price of $96.37 and a 200 day moving average price of $106.81. The company has a market capitalization of $7.71 billion, a P/E ratio of 14.78, a PEG ratio of 0.82 and a beta of 1.60. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.73.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. Autoliv’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.66 earnings per share. As a group, equities research analysts forecast that Autoliv will post 8.44 EPS for the current fiscal year.

Autoliv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Wednesday, September 4th were given a $0.68 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $2.72 dividend on an annualized basis and a yield of 2.87%. Autoliv’s dividend payout ratio is currently 42.43%.

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.