Brokerages Set Autoliv, Inc. (NYSE:ALV) Target Price at $133.00

Shares of Autoliv, Inc. (NYSE:ALV) have earned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $133.00.

Several equities analysts have recently weighed in on ALV shares. Berenberg Bank set a $134.00 target price on Autoliv in a research report on Tuesday, October 21st. Barclays increased their price objective on Autoliv from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Robert W. Baird set a $137.00 price objective on Autoliv in a report on Wednesday, January 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Autoliv in a research note on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft set a $133.00 target price on shares of Autoliv in a report on Friday, October 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc increased its holdings in shares of Autoliv by 110.3% in the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 107 shares during the last quarter. True Wealth Design LLC grew its holdings in Autoliv by 1,892.3% in the 2nd quarter. True Wealth Design LLC now owns 259 shares of the auto parts company’s stock valued at $29,000 after buying an additional 246 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Autoliv in the 3rd quarter worth $32,000. Quarry LP purchased a new position in shares of Autoliv during the 3rd quarter worth $36,000. Finally, Johnson Financial Group Inc. purchased a new position in shares of Autoliv during the 3rd quarter worth $37,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Stock Down 2.6%

ALV stock opened at $126.25 on Thursday. Autoliv has a 52 week low of $75.49 and a 52 week high of $130.14. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.54. The firm has a 50-day simple moving average of $120.69 and a 200-day simple moving average of $120.11. The stock has a market capitalization of $9.59 billion, a P/E ratio of 13.04, a P/E/G ratio of 0.85 and a beta of 1.32.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, October 17th. The auto parts company reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.22. Autoliv had a net margin of 7.09% and a return on equity of 31.22%. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period last year, the company posted $1.84 EPS. Autoliv’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities analysts forecast that Autoliv will post 9.51 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 21st were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $3.48 annualized dividend and a yield of 2.8%. This is a boost from Autoliv’s previous quarterly dividend of $0.85. Autoliv’s dividend payout ratio is currently 35.95%.

About Autoliv

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.