Brokerages Set Autoliv Inc. (NYSE:ALV) Target Price at $92.65
Shares of Autoliv Inc. (NYSE:ALV) have been given a consensus rating of “Hold” by the twenty research firms that are currently covering the stock. Seven analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$98.08.
Several equities analysts have recently commented on ALV shares. Deutsche Bank AG decreased their price target on Autoliv from $102.00 to $100.00 and set a “hold” rating on the stock in a research note on Monday, July 25th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Autoliv in a research note on Tuesday, July 26th. Piper Jaffray Cos. set a $104.00 price target on Autoliv and gave the company a “hold” rating in a research note on Monday, July 25th. Zacks Investment Research raised Autoliv from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Finally, Berenberg Bank started coverage on Autoliv in a research note on Friday, June 17th. They issued a “hold” rating and a $109.00 price target on the stock.
Shares of Autoliv (NYSE:ALV) opened at 106.47 on Thursday. The firm has a 50-day moving average price of $105.99 and a 200 day moving average price of $112.88. Autoliv has a one year low of $95.34 and a one year high of $129.37. The firm has a market cap of $9.39 billion, a P/E ratio of 16.61 and a beta of 1.29.
Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 22nd. The company reported $1.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.04. Autoliv had a return on equity of 16.97% and a net margin of 5.83%. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the prior year, the company posted $1.62 EPS. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, analysts forecast that Autoliv will post $6.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors 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 2.18%. Autoliv’s dividend payout ratio is presently 36.19%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALV. Global X Management Co. LLC increased its position in Autoliv by 75.9% in the second quarter. Global X Management Co. LLC now owns 1,258 shares of the company’s stock worth $135,000 after buying an additional 543 shares in the last quarter. IFP Advisors Inc increased its position in Autoliv by 27.5% in the first quarter. IFP Advisors Inc now owns 1,153 shares of the company’s stock worth $137,000 after buying an additional 249 shares in the last quarter. Victory Capital Management Inc. increased its position in Autoliv by 157.7% in the second quarter. Victory Capital Management Inc. now owns 1,296 shares of the company’s stock worth $139,000 after buying an additional 793 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Autoliv during the second quarter worth about $152,000. Finally, Invictus RG purchased a new position in Autoliv during the second quarter worth about $159,000. Hedge funds and other institutional investors own 33.07% of the company’s stock.
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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