Brokerages Set Autoliv Inc. (NYSE:ALV) Target Price at $92.65
Autoliv Inc. (NYSE:ALV) has been assigned an average rating of “Hold” from the twenty brokerages that are presently covering the company. Seven equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$98.08.
A number of equities analysts recently issued reports on ALV shares. Piper Jaffray Cos. started coverage on shares of Autoliv in a research note on Thursday, June 9th. They issued a “neutral” rating and a $123.00 price target on the stock. Berenberg Bank started coverage on shares of Autoliv in a research note on Friday, June 17th. They issued a “hold” rating and a $109.00 price target on the stock. Zacks Investment Research cut shares of Autoliv from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Royal Bank Of Canada lowered their target price on shares of Autoliv from $95.00 to $92.00 and set an “underperform” rating on the stock in a research note on Monday, July 25th. Finally, Barclays PLC lowered their target price on shares of Autoliv from $89.00 to $82.00 and set an “underweight” rating on the stock in a research note on Monday, July 25th.
Autoliv (NYSE:ALV) opened at 106.47 on Thursday. The company has a market capitalization of $9.39 billion, a price-to-earnings ratio of 16.61 and a beta of 1.29. 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 of $105.99 and a 200-day moving average of $112.88.
Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 22nd. The company reported $1.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.71 by $0.04. The company had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Autoliv had a net margin of 5.83% and a return on equity of 16.97%. Autoliv’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.62 EPS. On average, equities research analysts anticipate that Autoliv will post $6.66 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Monday, November 14th. Autoliv’s dividend payout ratio (DPR) is currently 36.19%.
A number of large investors have recently made changes to their positions in the stock. Global X Management Co. LLC raised its stake in shares of Autoliv by 75.9% in the second quarter. Global X Management Co. LLC now owns 1,258 shares of the company’s stock worth $135,000 after buying an additional 543 shares during the period. IFP Advisors Inc increased its position in Autoliv by 27.5% in the first quarter. IFP Advisors Inc now owns 1,153 shares of the company’s stock worth $137,000 after buying an additional 249 shares in the last quarter. Victory Capital Management Inc. increased its position in Autoliv by 157.7% in the second quarter. Victory Capital Management Inc. now owns 1,296 shares of the company’s stock worth $139,000 after buying an additional 793 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Autoliv during the second quarter worth approximately $152,000. Finally, Invictus RG purchased a new position in Autoliv during the second quarter worth approximately $159,000. 33.07% of the stock is owned by institutional investors and hedge funds.
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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