Autoliv, Inc. (NYSE:ALV) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Autoliv, Inc. (NYSE:ALV) have been given an average rating of “Moderate Buy” by the fifteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $122.46.

A number of equities analysts have issued reports on ALV shares. Wolfe Research assumed coverage on Autoliv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 target price on the stock. Bank of America reduced their price objective on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Robert W. Baird boosted their target price on shares of Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $116.00 target price on shares of Autoliv in a research note on Tuesday, September 10th. Finally, StockNews.com downgraded Autoliv from a “buy” rating to a “hold” rating in a research note on Monday.

Hedge Funds Weigh In On Autoliv

Several hedge funds and other institutional investors have recently modified their holdings of ALV. Benjamin F. Edwards & Company Inc. boosted its position 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 worth $102,000 after buying an additional 117 shares during the period. Quantinno Capital Management LP raised its stake in Autoliv by 0.6% during the 3rd quarter. Quantinno Capital Management LP now owns 23,456 shares of the auto parts company’s stock valued at $2,190,000 after acquiring an additional 130 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Autoliv by 2.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,953 shares of the auto parts company’s stock worth $851,000 after acquiring an additional 156 shares during the period. Victory Capital Management Inc. grew its stake in shares of Autoliv by 2.9% in the second quarter. Victory Capital Management Inc. now owns 5,765 shares of the auto parts company’s stock worth $617,000 after purchasing an additional 162 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of Autoliv by 1.2% during the second quarter. Pacer Advisors Inc. now owns 16,606 shares of the auto parts company’s stock valued at $1,777,000 after purchasing an additional 197 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Stock Performance

Autoliv stock opened at $94.31 on Wednesday. Autoliv has a 12-month low of $89.51 and a 12-month high of $129.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. The company has a market capitalization of $7.43 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. The firm’s fifty day moving average price is $97.10 and its 200 day moving average price is $100.67.

Autoliv (NYSE:ALV) last announced its earnings results 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 analysts’ expectations of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.66 earnings per share. On average, research analysts forecast that Autoliv will post 8.19 EPS 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 given a $0.70 dividend. The ex-dividend date is Tuesday, December 3rd. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.97%. Autoliv’s dividend payout ratio (DPR) is currently 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.