Autoliv Inc. (ALV) Shares Gap Down to $106.24
Autoliv Inc. (NYSE:ALV)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $105.69, but opened at $106.24. Autoliv shares last traded at $107.02, with a volume of 172,330 shares.
Several research firms have weighed in on ALV. Zacks Investment Research raised shares of Autoliv from a “hold” rating to a “buy” rating and set a $141.00 price target for the company in a research note on Thursday, May 5th. Royal Bank Of Canada reiterated a “sell” rating on shares of Autoliv in a report on Monday, May 2nd. JPMorgan Chase & Co. reiterated a “hold” rating and set a $117.00 price objective on shares of Autoliv in a report on Monday, May 2nd. Barclays PLC reduced their price objective on shares of Autoliv from $89.00 to $82.00 and set an “underweight” rating for the company in a report on Monday, July 25th. Finally, Piper Jaffray Cos. set a $104.00 price objective on shares of Autoliv and gave the company a “hold” rating in a report on Monday, July 25th. Ten equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of C$96.34.
The stock’s 50 day moving average is $107.11 and its 200-day moving average is $113.43. The firm has a market cap of $9.43 billion and a P/E ratio of 16.68.
Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, July 22nd. The company reported $1.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.04. During the same quarter in the previous year, the business earned $1.62 earnings per share. The business earned $2.58 billion during the quarter, compared to the consensus estimate of $2.64 billion. The firm’s revenue was up 12.5% compared to the same quarter last year. On average, equities research analysts expect that Autoliv Inc. will post $6.66 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th will be paid a dividend of $0.58 per share. The ex-dividend date is Monday, November 14th. This represents a $2.32 dividend on an annualized basis and a yield of 2.17%.
Other hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised 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. Bank of Montreal Can raised 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. Finally, Principal Financial Group Inc. raised its stake in Autoliv by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 112,881 shares of the company’s stock worth $14,084,000 after buying an additional 3,225 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.
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