Autoliv, Inc. (NYSE:ALV) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Autoliv, Inc. (NYSE:ALV) have earned an average rating of “Moderate Buy” from the fifteen research firms that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $122.77.

A number of equities analysts recently issued reports on the stock. Robert W. Baird upped their price target on shares of Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Wells Fargo & Company reduced their price target on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a research report on Monday, October 21st. StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Wolfe Research started coverage on Autoliv in a report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 target price for the company. Finally, Barclays lowered their price target on Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th.

Institutional Trading of Autoliv

Large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new position in shares of Autoliv during the 3rd quarter worth $1,684,000. Fortem Financial Group LLC bought a new position in Autoliv in the 3rd quarter worth $609,000. Neo Ivy Capital Management lifted its position in Autoliv by 226.6% during the third quarter. Neo Ivy Capital Management now owns 19,842 shares of the auto parts company’s stock valued at $1,852,000 after purchasing an additional 13,766 shares in the last quarter. Geode Capital Management LLC grew its holdings in Autoliv by 10.8% during the third quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock valued at $92,221,000 after purchasing an additional 95,888 shares during the period. Finally, Barclays PLC increased its position in Autoliv by 41.5% in the third quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock worth $2,821,000 after buying an additional 8,859 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors.

Autoliv Price Performance

Shares of ALV opened at $96.54 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 simple moving average is $95.50 and its two-hundred day simple moving average is $104.21. The stock has a market cap of $7.60 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 0.88 and a beta of 1.59. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.16). Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the company earned $1.66 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. Analysts anticipate that Autoliv will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a boost from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio is 35.42%.

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.