Autoliv (NYSE:ALV) Given “Buy” Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of Autoliv (NYSE:ALV) in a research note published on Tuesday, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a $116.00 target price on the auto parts company’s stock.

A number of other equities research analysts have also recently issued reports on ALV. UBS Group upgraded Autoliv from a neutral rating to a buy rating and raised their target price for the company from $102.00 to $141.00 in a research note on Tuesday, May 28th. Citigroup decreased their target price on shares of Autoliv from $119.00 to $108.00 and set a neutral rating for the company in a research report on Monday, July 22nd. BNP Paribas started coverage on Autoliv in a report on Tuesday, June 18th. They set a neutral rating on the stock. Wolfe Research assumed coverage on Autoliv in a report on Thursday, September 5th. They issued an outperform rating and a $120.00 price objective for the company. Finally, Wells Fargo & Company lowered their target price on Autoliv from $122.00 to $103.00 and set an equal weight rating on the stock in a research report on Monday, July 22nd. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $124.79.

Autoliv Stock Down 3.3 %

Shares of NYSE:ALV opened at $94.04 on Tuesday. Autoliv has a 1-year low of $89.37 and a 1-year high of $129.38. The company’s fifty day moving average is $101.05 and its two-hundred day moving average is $112.46. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.73 and a current ratio of 0.98. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 0.79 and a beta of 1.60.

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

Autoliv Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, September 4th. Autoliv’s dividend payout ratio is 42.43%.

Hedge Funds Weigh In On Autoliv

A number of institutional investors have recently bought and sold shares of ALV. KRS Capital Management LLC raised its holdings in shares of Autoliv by 3.7% during the first quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock valued at $336,000 after acquiring an additional 100 shares during the period. State of Michigan Retirement System boosted its position in shares of Autoliv by 0.6% in 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 buying an additional 100 shares during the period. GAMMA Investing LLC boosted its position in shares of 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 buying an additional 101 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Autoliv by 1.1% during 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 buying an additional 107 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in 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 buying an additional 117 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

About Autoliv

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.