Brokerages Set Autoliv, Inc. (NYSE:ALV) Target Price at $96.25

Autoliv, Inc. (NYSE:ALVGet Rating) has earned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $96.13.

A number of brokerages recently issued reports on ALV. StockNews.com began coverage on Autoliv in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Jefferies Financial Group reduced their target price on Autoliv from $121.00 to $108.00 and set a “buy” rating for the company in a research note on Tuesday, March 15th. Deutsche Bank Aktiengesellschaft cut their price target on Autoliv from $123.00 to $96.00 and set a “buy” rating on the stock in a research report on Thursday, April 21st. Wells Fargo & Company cut their price target on Autoliv from $87.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Monday, April 25th. Finally, Robert W. Baird cut their price target on Autoliv from $88.00 to $77.00 in a research report on Monday, April 25th.

Autoliv stock opened at $72.69 on Friday. The business has a fifty day moving average of $74.77 and a two-hundred day moving average of $84.86. The company has a quick ratio of 0.98, a current ratio of 1.28 and a debt-to-equity ratio of 0.62. The firm has a market cap of $6.35 billion, a P/E ratio of 17.64 and a beta of 1.66. Autoliv has a twelve month low of $66.25 and a twelve month high of $110.59.

Autoliv (NYSE:ALVGet Rating) last posted its earnings results on Friday, April 22nd. The auto parts company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.84). The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Autoliv had a return on equity of 12.30% and a net margin of 4.46%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.79 EPS. Equities analysts expect that Autoliv will post 4.37 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 13th. Shareholders of record on Tuesday, May 24th were paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Monday, May 23rd. Autoliv’s dividend payout ratio (DPR) is 62.14%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. raised its position in shares of Autoliv by 753.9% during the 1st quarter. Alyeska Investment Group L.P. now owns 841,071 shares of the auto parts company’s stock valued at $64,291,000 after buying an additional 742,570 shares during the period. Point72 Asset Management L.P. raised its position in shares of Autoliv by 444.8% during the 4th quarter. Point72 Asset Management L.P. now owns 672,027 shares of the auto parts company’s stock valued at $69,494,000 after buying an additional 548,671 shares during the period. Vanguard Group Inc. raised its position in shares of Autoliv by 21.0% during the 1st quarter. Vanguard Group Inc. now owns 1,814,404 shares of the auto parts company’s stock valued at $138,693,000 after buying an additional 315,473 shares during the period. Lancaster Investment Management purchased a new stake in shares of Autoliv during the 4th quarter valued at approximately $31,013,000. Finally, Millennium Management LLC raised its position in shares of Autoliv by 1,318.6% during the 4th quarter. Millennium Management LLC now owns 317,407 shares of the auto parts company’s stock valued at $32,823,000 after buying an additional 295,033 shares during the period. 62.02% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Company Profile (Get Rating)

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, and battery cut-off switches, as well as anti-whiplash systems and pedestrian protection systems, and connected safety services and solutions for riders of powered two wheelers.

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