Mizuho Boosts Autoliv, Inc. (ALV) Price Target to $140.00
Autoliv, Inc. (NYSE:ALV) had its target price lifted by Mizuho from $130.00 to $140.00 in a report released on Friday morning, MarketBeat reports. They currently have a buy rating on the auto parts company’s stock.
Other equities research analysts have also recently issued reports about the company. Piper Jaffray Companies restated a hold rating and set a $99.00 target price on shares of Autoliv in a research note on Wednesday, July 26th. BMO Capital Markets restated an outperform rating and set a $121.00 target price on shares of Autoliv in a research note on Wednesday, July 26th. ValuEngine upgraded Autoliv from a hold rating to a buy rating in a research note on Friday. Royal Bank Of Canada cut their target price on Autoliv from $100.00 to $98.00 and set a sector perform rating for the company in a research note on Monday, July 24th. Finally, Deutsche Bank AG restated a hold rating and set a $120.00 target price (up from $101.00) on shares of Autoliv in a research note on Thursday. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $109.20.
Autoliv (NYSE ALV) opened at 125.45 on Friday. The company has a market cap of $10.90 billion, a P/E ratio of 19.82 and a beta of 1.12. The firm has a 50-day moving average price of $109.21 and a 200 day moving average price of $106.86. Autoliv has a 12 month low of $93.31 and a 12 month high of $127.72.
Autoliv (NYSE:ALV) last released its earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.04). Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the company earned $1.75 earnings per share. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, equities analysts expect that Autoliv will post $6.22 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Tuesday, November 21st. Autoliv’s dividend payout ratio is currently 37.97%.
In related news, VP Thomas Jonsson sold 1,240 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $108.55, for a total transaction of $134,602.00. Following the completion of the transaction, the vice president now directly owns 2,311 shares of the company’s stock, valued at approximately $250,859.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.25% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. Strs Ohio grew its holdings in Autoliv by 6.4% during the 1st quarter. Strs Ohio now owns 10,668 shares of the auto parts company’s stock worth $1,090,000 after acquiring an additional 637 shares during the period. Russell Investments Group Ltd. grew its holdings in Autoliv by 10.3% during the 1st quarter. Russell Investments Group Ltd. now owns 10,754 shares of the auto parts company’s stock worth $1,100,000 after acquiring an additional 1,007 shares during the period. Canada Pension Plan Investment Board grew its holdings in Autoliv by 356.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 23,398 shares of the auto parts company’s stock worth $2,393,000 after acquiring an additional 18,275 shares during the period. Great West Life Assurance Co. Can grew its holdings in Autoliv by 1.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 53,382 shares of the auto parts company’s stock worth $5,450,000 after acquiring an additional 980 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its holdings in Autoliv by 4.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 9,627 shares of the auto parts company’s stock worth $984,000 after acquiring an additional 400 shares during the period. 34.76% of the stock is owned by institutional investors and hedge funds.
Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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