Autoliv Inc. (ALV) Shares Gap Down to $106.24
Autoliv Inc. (NYSE:ALV) gapped down prior to trading 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 traded.
ALV has been the topic of a number of recent analyst reports. 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 target price on shares of Autoliv in a research report on Monday, May 2nd. Zacks Investment Research upgraded Autoliv from a “hold” rating to a “buy” rating and set a $141.00 target price on the stock in a research report on Thursday, May 5th. Piper Jaffray Cos. initiated coverage on Autoliv in a research report on Thursday, June 9th. They set a “neutral” rating and a $123.00 target price on the stock. Finally, Berenberg Bank initiated coverage on Autoliv in a research report on Friday, June 17th. They set a “hold” rating and a $109.00 target price on the stock. Ten analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$96.34.
The company’s 50-day moving average price is $107.11 and its 200 day moving average price is $113.43. The stock has a market capitalization of $9.43 billion and a P/E ratio of 16.68.
Autoliv (NYSE:ALV) last posted its earnings results on Friday, July 22nd. The company reported $1.75 EPS for the quarter, topping the Zacks’ consensus estimate of $1.71 by $0.04. The firm had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.64 billion. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.62 earnings per share. On average, equities analysts anticipate that Autoliv Inc. will post $6.66 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th will be given 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%.
A number of hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. increased 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 during the last quarter. Bank of Montreal Can increased its stake in shares of Autoliv by 13.5% in the fourth quarter. Bank of Montreal Can now owns 11,202 shares of the company’s stock valued at $1,398,000 after buying an additional 1,336 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of Autoliv by 2.2% in the fourth quarter. Advisors Asset Management Inc. now owns 10,641 shares of the company’s stock valued at $1,328,000 after buying an additional 230 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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