Autoliv (ALV) Earns “Buy” Rating from Mizuho
“We would note with APTV being strictly the Electronics and Safety segment now, the company is trading at ~1.7x F19E P/S, above the Powertrain segment (Delphi Technologies; DLPH) at ~1.0x and peer ALV at ~1x P/S. We believe an ALV split (with a decision expected late December) could unlock shareholder value as we show in subsequent pages.”,” the firm’s analyst wrote.
Several other brokerages have also issued reports on ALV. Zacks Investment Research raised Autoliv from a hold rating to a buy rating and set a $140.00 price objective on the stock in a report on Wednesday, November 1st. Piper Jaffray Companies set a $99.00 target price on shares of Autoliv and gave the stock a hold rating in a research note on Monday, October 16th. KeyCorp reiterated a buy rating and set a $146.00 target price (up previously from $136.00) on shares of Autoliv in a research note on Monday, November 6th. Jefferies Group set a $145.00 target price on shares of Autoliv and gave the stock a buy rating in a research note on Thursday, October 26th. Finally, Citigroup increased their target price on shares of Autoliv from $105.00 to $129.00 and gave the stock a neutral rating in a research note on Friday, September 15th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $110.48.
Autoliv (NYSE ALV) opened at $125.42 on Monday. The stock has a market capitalization of $10,910.00, a PE ratio of 20.49, a price-to-earnings-growth ratio of 2.49 and a beta of 1.10. Autoliv has a twelve month low of $96.08 and a twelve month high of $129.84. The company has a current ratio of 1.55, a quick ratio of 1.23 and a debt-to-equity ratio of 0.31.
Autoliv (NYSE:ALV) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.14. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.50 billion. Autoliv had a return on equity of 13.42% and a net margin of 4.96%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.63 earnings per share. sell-side analysts forecast that Autoliv will post 6.28 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 22nd will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $2.40 dividend on an annualized basis and a yield of 1.91%. Autoliv’s payout ratio is currently 41.38%.
In related news, insider Johan Lofvenholm sold 3,965 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $128.00, for a total value of $507,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in ALV. Bank of Montreal Can lifted its position in Autoliv by 3.0% in the second quarter. Bank of Montreal Can now owns 10,413 shares of the auto parts company’s stock valued at $1,143,000 after purchasing an additional 305 shares during the period. Russell Investments Group Ltd. lifted its position in Autoliv by 56.2% in the second quarter. Russell Investments Group Ltd. now owns 16,800 shares of the auto parts company’s stock valued at $1,845,000 after purchasing an additional 6,046 shares during the period. Strs Ohio lifted its position in Autoliv by 6.2% in the second quarter. Strs Ohio now owns 11,330 shares of the auto parts company’s stock valued at $1,244,000 after purchasing an additional 662 shares during the period. Daiwa Securities Group Inc. lifted its position in Autoliv by 8.5% in the second quarter. Daiwa Securities Group Inc. now owns 2,550 shares of the auto parts company’s stock valued at $280,000 after purchasing an additional 200 shares during the period. Finally, Pictet Asset Management Ltd. lifted its position in Autoliv by 0.6% in the second quarter. Pictet Asset Management Ltd. now owns 36,500 shares of the auto parts company’s stock valued at $4,049,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 33.54% of the company’s stock.
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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