Autoliv Inc. (ALV) Shares Gap Up to $103.99
Autoliv Inc. (NYSE:ALV)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $103.61, but opened at $103.99. Autoliv shares last traded at $105.37, with a volume of 109,001 shares trading hands.
Several brokerages recently issued reports on ALV. Zacks Investment Research upgraded shares of Autoliv from a “hold” rating to a “buy” rating and set a $141.00 price target on the stock in a research report on Thursday, May 5th. Piper Jaffray Cos. began coverage on shares of Autoliv in a research report on Thursday, June 9th. They set a “neutral” rating and a $123.00 price target on the stock. Royal Bank Of Canada reiterated a “sell” rating on shares of Autoliv in a research report on Monday, May 2nd. JPMorgan Chase & Co. reiterated a “hold” rating and set a $117.00 price target on shares of Autoliv in a research report on Monday, May 2nd. Finally, Berenberg Bank began coverage on shares of Autoliv in a research report on Friday, June 17th. They set a “hold” rating and a $109.00 price target on the stock. Ten research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of C$91.79.
The firm has a market capitalization of $9.27 billion and a price-to-earnings ratio of 16.39. The company’s 50 day moving average price is $110.17 and its 200 day moving average price is $113.40.
Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, July 22nd. The company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.04. During the same quarter in the prior year, the business posted $1.62 earnings per share. The firm earned $2.58 billion during the quarter, compared to the consensus estimate of $2.64 billion. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. Equities analysts predict that Autoliv Inc. will post $6.66 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, August 16th.
Other hedge funds have recently added to or reduced their stakes in the company. Gulf International Bank UK Ltd boosted its stake in Autoliv by 0.4% in the fourth quarter. Gulf International Bank UK Ltd now owns 26,873 shares of the company’s stock worth $3,353,000 after buying an additional 120 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Autoliv by 2.2% in the fourth quarter. Advisors Asset Management Inc. now owns 10,641 shares of the company’s stock worth $1,328,000 after buying an additional 230 shares in the last quarter. KBC Group NV boosted its stake in Autoliv by 2.6% in the fourth quarter. KBC Group NV now owns 10,418 shares of the company’s stock worth $1,300,000 after buying an additional 260 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in Autoliv by 7.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 11,059 shares of the company’s stock worth $1,380,000 after buying an additional 813 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in Autoliv by 13.5% in the fourth quarter. Bank of Montreal Can now owns 11,202 shares of the company’s stock worth $1,398,000 after buying an additional 1,336 shares in the last quarter.
Autoliv, Inc is a developer, manufacturer and supplier to the automotive industry of automotive safety systems. The Company operates through two segments: Passive Safety and Electronics. Passive Safety segment includes airbags, seatbelts and steering wheels. Electronics segment includes active safety products, such as camera-based vision systems, night driving assist, automotive radars, brake controls and other active safety systems, and passive safety electronic products, such as restraint electronics and crash sensors.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.