Brokerages Set Autoliv, Inc. (NYSE:ALV) Target Price at $124.14

Autoliv, Inc. (NYSE:ALV) has earned a consensus rating of “Moderate Buy” from the sixteen brokerages that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $124.14.

A number of brokerages recently commented on ALV. HSBC initiated coverage on Autoliv in a research report on Monday, July 15th. They issued a “buy” rating and a $134.00 price objective for the company. Hsbc Global Res raised shares of Autoliv to a “strong-buy” rating in a research note on Monday, July 15th. Wolfe Research initiated coverage on shares of Autoliv in a report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price objective on the stock. Evercore ISI lowered their target price on shares of Autoliv from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Finally, Wells Fargo & Company cut their price target on Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Monday.

Autoliv Stock Performance

Shares of Autoliv stock opened at $95.02 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.73. The firm has a 50 day simple moving average of $96.47 and a 200 day simple moving average of $107.08. Autoliv has a fifty-two week low of $89.37 and a fifty-two week high of $129.38. The firm has a market cap of $7.73 billion, a P/E ratio of 14.82, a P/E/G ratio of 0.82 and a beta of 1.60.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.66 earnings per share. Sell-side analysts predict that Autoliv will post 8.44 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.72 annualized dividend and a yield of 2.86%. Autoliv’s dividend payout ratio is presently 42.43%.

Hedge Funds Weigh In On Autoliv

Several institutional investors have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in Autoliv by 62.7% during the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 101 shares in the last quarter. Register Financial Advisors LLC bought a new stake in shares of Autoliv during the first quarter worth $36,000. Quarry LP raised its holdings in shares of Autoliv by 133.5% during the second quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 207 shares during the period. Headlands Technologies LLC lifted its position in Autoliv by 427.6% in the 1st quarter. Headlands Technologies LLC now owns 823 shares of the auto parts company’s stock valued at $99,000 after acquiring an additional 667 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in Autoliv by 244.4% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 837 shares of the auto parts company’s stock valued at $101,000 after acquiring an additional 594 shares in the last quarter. Institutional investors own 69.57% of the company’s stock.

Autoliv Company Profile

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, and inflator technologies.