Brokerages Set Autoliv, Inc. (NYSE:ALV) PT at $122.77

Autoliv, Inc. (NYSE:ALV) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $122.77.

Several research firms recently commented on ALV. Robert W. Baird raised their price target on shares of Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $116.00 price target on shares of Autoliv in a research note on Tuesday, September 10th. Wells Fargo & Company lowered their price target on Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a research report on Monday, October 21st. Barclays cut their price objective on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Finally, StockNews.com raised shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC acquired a new position in shares of Autoliv in the 3rd quarter worth $1,684,000. Fortem Financial Group LLC purchased a new position in Autoliv in the 3rd quarter worth about $609,000. Neo Ivy Capital Management raised its holdings in Autoliv by 226.6% during the 3rd quarter. Neo Ivy Capital Management now owns 19,842 shares of the auto parts company’s stock worth $1,852,000 after buying an additional 13,766 shares during the period. Geode Capital Management LLC raised its stake in Autoliv by 10.8% during the 3rd 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 boosted its position in Autoliv by 41.5% during the 3rd quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock worth $2,821,000 after acquiring an additional 8,859 shares during the period. Institutional investors own 69.57% of the company’s stock.

Autoliv Stock Down 0.3 %

Shares of ALV stock opened at $97.51 on Wednesday. The stock’s fifty day moving average price is $97.05 and its 200 day moving average price is $101.26. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. Autoliv has a 1-year low of $89.51 and a 1-year high of $129.38.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 EPS 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 for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the firm posted $1.66 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. On average, research analysts expect that Autoliv will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. This is an increase from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Tuesday, December 3rd. Autoliv’s payout ratio is presently 36.46%.

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.