Somewhat Favorable News Coverage Somewhat Likely to Affect Autoliv (ALV) Stock Price
Media coverage about Autoliv (NYSE:ALV) has been trending somewhat positive this week, AlphaOne reports. The research group, a unit of Accern, identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Autoliv earned a media sentiment score of 0.15 on AlphaOne’s scale. AlphaOne also gave headlines about the auto parts company an impact score of 60 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted AlphaOne’s rankings:
- Autoliv, Inc. (ALV) Stock Rating Reaffirmed by Jefferies Group LLC (americanbankingnews.com)
- Twin Tree Management LP Buys 9991 Shares of DISH Network Corporation (DISH) (ekosvoice.com)
- Legal & General Group Plc Buys 107371 Shares of DISH Network Corporation (DISH) (eleganthomesinla.com)
- $2.56 Billion in Sales Expected for Autoliv, Inc. (ALV) This Quarter (americanbankingnews.com)
ALV has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Autoliv from a “sell” rating to a “hold” rating in a report on Tuesday, March 21st. Wells Fargo & Co raised Autoliv from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 5th. Royal Bank Of Canada raised Autoliv from an “underperform” rating to a “sector perform” rating and upped their price target for the stock from $94.00 to $99.00 in a research note on Friday, March 24th. Sanford C. Bernstein assumed coverage on Autoliv in a research note on Monday, March 13th. They issued an “underperform” rating and a $85.00 price target on the stock. Finally, Mizuho assumed coverage on Autoliv in a research note on Thursday, March 2nd. They issued a “neutral” rating and a $115.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $105.81.
Shares of Autoliv (ALV) opened at 109.57 on Tuesday. The stock has a market capitalization of $9.68 billion, a PE ratio of 16.78 and a beta of 1.07. The company’s 50 day moving average price is $107.46 and its 200 day moving average price is $106.65. Autoliv has a 52-week low of $93.31 and a 52-week high of $124.97.
Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, April 28th. The auto parts company reported $1.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.13. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.57 billion. Autoliv had a return on equity of 14.78% and a net margin of 5.60%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.66 EPS. On average, equities research analysts anticipate that Autoliv will post $6.28 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 23rd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $2.40 annualized dividend and a yield of 2.17%. Autoliv’s payout ratio is presently 36.75%.
In other Autoliv news, Director Robert W. Alspaugh sold 1,156 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $109.87, for a total transaction of $127,009.72. Following the sale, the director now owns 3,800 shares in the company, valued at approximately $417,506. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Svante Mogefors sold 6,738 shares of the business’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $102.46, for a total value of $690,375.48. Following the sale, the vice president now owns 17,269 shares in the company, valued at approximately $1,769,381.74. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.
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Autoliv Company Profile
Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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