Autoliv Inc. (ALV) Upgraded to “Neutral” by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. upgraded shares of Autoliv Inc. (NYSE:ALV) from a sell rating to a neutral rating in a research note released on Wednesday morning. The firm currently has $95.00 price target on the stock, down from their prior price target of $101.00.
A number of other research firms also recently weighed in on ALV. Zacks Investment Research downgraded shares of Autoliv from a hold rating to a strong sell rating in a research report on Wednesday, July 27th. Citigroup Inc. cut their price objective on shares of Autoliv from $121.00 to $113.00 and set a neutral rating for the company in a report on Thursday, July 28th. Wells Fargo & Co. reaffirmed a hold rating on shares of Autoliv in a report on Tuesday, July 26th. Handelsbanken downgraded shares of Autoliv from a buy rating to an accumulate rating in a report on Monday, October 10th. Finally, Robert W. Baird downgraded shares of Autoliv from an outperform rating to a neutral rating and cut their price objective for the stock from $129.00 to $104.00 in a report on Friday, October 28th. Seven research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The stock has an average rating of Hold and an average target price of $94.84.
Autoliv (NYSE:ALV) opened at 100.65 on Wednesday. The firm has a market capitalization of $8.88 billion, a P/E ratio of 14.71 and a beta of 1.24. The stock’s 50 day moving average is $99.26 and its 200 day moving average is $108.59. Autoliv has a one year low of $93.31 and a one year high of $129.37.
Autoliv (NYSE:ALV) last released its earnings results on Thursday, October 27th. The company reported $1.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.26. Autoliv had a net margin of 6.06% and a return on equity of 16.41%. The firm earned $2.46 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the prior year, the firm earned $1.53 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. On average, equities research analysts predict that Autoliv will post $6.77 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 2nd. Investors of record on Wednesday, February 15th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Monday, February 13th. Autoliv’s payout ratio is presently 33.87%.
A number of institutional investors have recently modified their holdings of ALV. Global X Management Co. LLC boosted its position 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 last quarter. Victory Capital Management Inc. boosted its position in shares of 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 last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Autoliv during the second quarter worth approximately $152,000. Invictus RG acquired a new position in shares of Autoliv during the second quarter worth approximately $159,000. Finally, Pacer Advisors Inc. boosted its position in shares of Autoliv by 10.3% in the second quarter. Pacer Advisors Inc. now owns 1,630 shares of the company’s stock worth $175,000 after buying an additional 152 shares during the last quarter. Institutional investors own 32.35% of the company’s stock.
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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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