Jefferies Group began coverage on shares of Autoliv Inc. (NYSE:ALV) in a research note issued to investors on Tuesday. The brokerage issued a buy rating and a $112.00 price target on the stock.

A number of other equities research analysts also recently weighed in on ALV. Goldman Sachs Group Inc. raised shares of Autoliv from a sell rating to a neutral rating and lowered their price objective for the company from $101.00 to $95.00 in a research report on Wednesday, November 23rd. Handelsbanken downgraded shares of Autoliv from a buy rating to an accumulate rating in a research report on Monday, October 10th. Robert W. Baird downgraded shares of Autoliv from an outperform rating to a neutral rating and lowered their price objective for the company from $129.00 to $104.00 in a research report on Friday, October 28th. Finally, Zacks Investment Research raised shares of Autoliv from a hold rating to a buy rating and set a $113.00 price objective for the company in a research report on Thursday, October 20th. Seven equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. Autoliv currently has a consensus rating of Hold and an average target price of $95.85.

Analyst Recommendations for Autoliv (NYSE:ALV)

Shares of Autoliv (NYSE:ALV) opened at 103.93 on Tuesday. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 15.19 and a beta of 1.24. Autoliv has a 12 month low of $93.31 and a 12 month high of $129.37. The firm has a 50-day moving average price of $98.93 and a 200-day moving average price of $108.05.

Autoliv (NYSE:ALV) last released its earnings results on Thursday, October 27th. The company reported $1.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.26. The company earned $2.46 billion during the quarter, compared to the consensus estimate of $2.45 billion. Autoliv had a net margin of 6.06% and a return on equity of 16.41%. The company’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.53 EPS. Equities analysts expect that Autoliv will post $6.77 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 2nd. Investors of record on Wednesday, February 15th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Monday, February 13th. Autoliv’s dividend payout ratio is currently 33.87%.

Several hedge funds have recently bought and sold shares of ALV. Mackenzie Financial Corp increased its stake in 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. increased its stake in 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. increased its stake in 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 increased its stake in 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 increased its stake in 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. 31.89% 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.

5 Day Chart for NYSE:ALV

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