Autoliv Inc. (ALV) Downgraded to Accumulate at Handelsbanken
A number of other brokerages also recently issued reports on ALV. Zacks Investment Research downgraded Autoliv from a buy rating to a hold rating in a research report on Tuesday, June 21st. Berenberg Bank assumed coverage on Autoliv in a research note on Friday, June 17th. They issued a hold rating and a $109.00 target price on the stock. Citigroup Inc. reduced their target price on Autoliv from $121.00 to $113.00 and set a neutral rating on the stock in a research note on Thursday, July 28th. Wells Fargo & Co. reiterated a hold rating on shares of Autoliv in a research note on Tuesday, July 26th. Finally, RBC Capital Markets reiterated an underperform rating and issued a $92.00 target price (down previously from $95.00) on shares of Autoliv in a research note on Monday, July 25th. Eight equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of C$101.39.
Shares of Autoliv (NYSE:ALV) traded up 0.28% during mid-day trading on Monday, hitting $105.47. 118,971 shares of the stock were exchanged. The firm has a market cap of $9.30 billion, a P/E ratio of 16.45 and a beta of 1.29. The stock’s 50 day moving average is $105.96 and its 200 day moving average is $112.66. Autoliv has a 12 month low of $95.34 and a 12 month high of $129.37.
Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, July 22nd. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.04. The company earned $2.58 billion during the quarter, compared to the consensus estimate of $2.64 billion. Autoliv had a return on equity of 16.97% and a net margin of 5.83%. Autoliv’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the company earned $1.62 earnings per share. Analysts expect that Autoliv will post $6.66 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Monday, November 14th. Autoliv’s dividend payout ratio is presently 36.19%.
A number of large investors have recently modified their holdings of the company. Global X Management Co. LLC increased 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 valued at $135,000 after buying an additional 543 shares in the last quarter. IFP Advisors Inc increased its stake 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 during the period. Victory Capital Management Inc. increased its stake 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 during the period. Tower Research Capital LLC TRC purchased a new stake in Autoliv during the second quarter worth approximately $152,000. Finally, Invictus RG purchased a new stake in Autoliv during the second quarter worth approximately $159,000. 33.07% of the stock is owned by institutional investors and hedge funds.
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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