Brokerages Set Autoliv Inc. (NYSE:ALV) PT at $92.65
Shares of Autoliv Inc. (NYSE:ALV) have been given an average rating of “Hold” by the twenty brokerages that are currently covering the firm. Seven research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$98.08.
ALV has been the topic of a number of recent analyst reports. RBC Capital Markets reiterated an “underperform” rating and issued a $92.00 price objective (down previously from $95.00) on shares of Autoliv in a report on Monday, July 25th. Zacks Investment Research downgraded Autoliv from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. Barclays PLC dropped their price objective on Autoliv from $89.00 to $82.00 and set an “underweight” rating on the stock in a report on Monday, July 25th. Piper Jaffray Cos. initiated coverage on Autoliv in a report on Thursday, June 9th. They issued a “neutral” rating and a $123.00 price objective on the stock. Finally, Citigroup Inc. dropped their price objective on Autoliv from $121.00 to $113.00 and set a “neutral” rating on the stock in a report on Thursday, July 28th.
Shares of Autoliv (NYSE:ALV) opened at 106.47 on Thursday. Autoliv has a 52-week low of $95.34 and a 52-week high of $129.37. The stock has a 50 day moving average price of $105.99 and a 200-day moving average price of $112.88. The stock has a market capitalization of $9.39 billion, a PE ratio of 16.61 and a beta of 1.29.
Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, July 22nd. The company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.04. Autoliv had a return on equity of 16.97% and a net margin of 5.83%. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the prior year, the business posted $1.62 EPS. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities research analysts anticipate that Autoliv will post $6.66 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 16th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $2.32 annualized dividend and a yield of 2.18%. Autoliv’s dividend payout ratio is presently 36.19%.
Institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp boosted its position in shares of Autoliv by 0.5% in the second quarter. Mackenzie Financial Corp now owns 3,353 shares of the company’s stock valued at $360,000 after buying an additional 18 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Autoliv by 2.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,226 shares of the company’s stock valued at $215,000 after buying an additional 44 shares in the last quarter. Hartford Investment Management Co. boosted its position in shares of Autoliv by 4.1% in the second quarter. Hartford Investment Management Co. now owns 1,862 shares of the company’s stock valued at $200,000 after buying an additional 73 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Autoliv by 1.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,822 shares of the company’s stock valued at $840,000 after buying an additional 74 shares in the last quarter. Finally, Coastline Trust Co boosted its position in shares of Autoliv by 0.6% in the second quarter. Coastline Trust Co now owns 15,910 shares of the company’s stock valued at $1,709,000 after buying an additional 90 shares in the last quarter. 33.07% of the stock is owned by hedge funds and other institutional investors.
Autoliv Company Profile
Autoliv, Inc is a developer, manufacturer and supplier to the automotive industry of automotive safety systems. The Company operates through two segments: Passive Safety and Electronics. Passive Safety segment includes airbags, seatbelts and steering wheels. Electronics segment includes active safety products, such as camera-based vision systems, night driving assist, automotive radars, brake controls and other active safety systems, and passive safety electronic products, such as restraint electronics and crash sensors.
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