Analysts Set Autoliv, Inc. (NYSE:ALV) Target Price at $122.77

Shares of Autoliv, Inc. (NYSE:ALV) have earned an average rating of “Moderate Buy” from the fifteen analysts that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $122.77.

ALV has been the topic of a number of research analyst reports. Barclays decreased their price target on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Wolfe Research began coverage on Autoliv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 target price for the company. Robert W. Baird lifted 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. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $116.00 price objective on shares of Autoliv in a report on Tuesday, September 10th.

Institutional Investors Weigh In On Autoliv

Large investors have recently added to or reduced their stakes in the stock. Swedbank AB grew its position in shares of Autoliv by 20.5% during the second quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company’s stock worth $252,715,000 after purchasing an additional 402,426 shares in the last quarter. Quantbot Technologies LP raised its position in Autoliv by 1,437.4% during the third quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company’s stock valued at $4,855,000 after purchasing an additional 48,612 shares during the period. HITE Hedge Asset Management LLC increased its position in Autoliv by 32.9% during the third quarter. HITE Hedge Asset Management LLC now owns 135,424 shares of the auto parts company’s stock valued at $12,645,000 after acquiring an additional 33,490 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Autoliv by 35.8% during the second quarter. Marshall Wace LLP now owns 272,793 shares of the auto parts company’s stock valued at $29,186,000 after buying an additional 71,931 shares during the period. Finally, Beddow Capital Management Inc. lifted its position in shares of Autoliv by 14.4% during the third quarter. Beddow Capital Management Inc. now owns 80,897 shares of the auto parts company’s stock worth $7,553,000 after purchasing an additional 10,198 shares during the last quarter. Institutional investors own 69.57% of the company’s stock.

Autoliv Stock Down 0.3 %

ALV opened at $97.51 on Wednesday. The firm has a market capitalization of $7.68 billion, a P/E ratio of 12.70, a PEG ratio of 0.90 and a beta of 1.59. Autoliv has a fifty-two week low of $89.51 and a fifty-two week 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’s 50-day moving average is $97.05 and its 200 day moving average is $101.26.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share (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 analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the company earned $1.66 EPS. The company’s revenue was down 1.6% on a year-over-year basis. Research analysts expect that Autoliv will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The firm 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 dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.87%. This is an increase from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, December 3rd. Autoliv’s dividend payout ratio (DPR) is currently 36.46%.

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.