Autoliv, Inc. (NYSE:ALV) Receives $122.46 Average Target Price from Brokerages

Autoliv, Inc. (NYSE:ALV) has been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $121.50.

Several analysts recently commented on ALV shares. Bank of America cut their target price on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. 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. Wells Fargo & Company decreased their target price on Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. Daiwa Capital Markets raised Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 target price for the company in a report on Tuesday. Finally, StockNews.com cut Autoliv from a “buy” rating to a “hold” rating in a research note on Wednesday, December 25th.

Hedge Funds Weigh In On Autoliv

A number of hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of Autoliv by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock worth $92,221,000 after purchasing an additional 95,888 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of Autoliv by 1,437.4% in the third quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company’s stock worth $4,855,000 after buying an additional 48,612 shares during the last quarter. HITE Hedge Asset Management LLC increased its holdings in shares of Autoliv by 32.9% during the 3rd 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. Barclays PLC lifted its holdings in Autoliv by 41.5% in the 3rd quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock worth $2,821,000 after purchasing an additional 8,859 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in Autoliv by 35.8% during the second quarter. Marshall Wace LLP now owns 272,793 shares of the auto parts company’s stock worth $29,186,000 after purchasing an additional 71,931 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Stock Performance

ALV opened at $94.84 on Friday. Autoliv has a 1-year low of $89.51 and a 1-year high of $129.38. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. The business has a 50 day moving average price of $96.40 and a two-hundred day moving average price of $98.15. 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 (NYSE:ALV) last released 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). Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the firm earned $1.66 earnings per share. Autoliv’s revenue was down 1.6% on a year-over-year basis. Research analysts predict that Autoliv will post 8.19 EPS for the current fiscal year.

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were given a $0.70 dividend. 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 2.95%. The ex-dividend date of this dividend was Tuesday, December 3rd. Autoliv’s dividend payout ratio is presently 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.