Autoliv, Inc. (NYSE:ALV) Stock Has Average Target Price of $135.20

Autoliv, Inc. (NYSE:ALV) has earned a consensus rating of “Hold” from the thirteen analysts that are covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $134.79.

ALV has been the subject of a number of research reports. Jefferies Financial Group dropped their target price on shares of Autoliv from $134.00 to $119.00 and set a “hold” rating for the company in a report on Tuesday, September 22nd. Wolfe Research lowered shares of Autoliv from an “outperform” rating to a “peer perform” rating in a report on Wednesday, September 23rd. TD Cowen cut shares of Autoliv from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $148.00 to $137.00 in a research report on Tuesday, September 8th. Royal Bank Of Canada dropped their price objective on shares of Autoliv from $148.00 to $147.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Finally, Weiss Ratings upgraded shares of Autoliv from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday.

Institutional Investors Weigh In On Autoliv

Several hedge funds have recently modified their holdings of ALV. BlackRock Inc. bought a new stake in Autoliv during the second quarter valued at $573,245,000. Dimensional Fund Advisors LP raised its position in shares of Autoliv by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,952,252 shares of the auto parts company’s stock worth $205,270,000 after acquiring an additional 70,424 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Autoliv by 6.7% in the 4th quarter. Geode Capital Management LLC now owns 1,349,393 shares of the auto parts company’s stock worth $160,206,000 after acquiring an additional 84,668 shares in the last quarter. Norges Bank acquired a new position in shares of Autoliv in the 4th quarter valued at about $125,609,000. Finally, Wellington Management Group LLP lifted its stake in shares of Autoliv by 21.4% in the 2nd quarter. Wellington Management Group LLP now owns 821,589 shares of the auto parts company’s stock valued at $95,444,000 after purchasing an additional 145,013 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Price Performance

Autoliv stock opened at $114.04 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.03. Autoliv has a 52 week low of $99.16 and a 52 week high of $132.17. The stock has a market capitalization of $8.35 billion, a P/E ratio of 13.43, a price-to-earnings-growth ratio of 0.94 and a beta of 1.36. The stock has a fifty day moving average of $120.76 and a 200-day moving average of $117.96.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing the consensus estimate of $2.46 by ($0.03). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same period last year, the business earned $2.21 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts expect that Autoliv will post 10.04 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were issued a dividend of $0.87 per share. The ex-dividend date was Friday, August 28th. This represents a $3.48 annualized dividend and a dividend yield of 3.1%. Autoliv’s dividend payout ratio is 40.99%.

About Autoliv

Autoliv, Inc is a global supplier of automotive safety systems. The company develops and manufactures products designed to help protect vehicle occupants and other road users, including airbags, seat belts, steering wheels, restraint systems and pedestrian-protection solutions.

Autoliv supplies automotive manufacturers and operates across major vehicle-producing regions, including Europe, the Americas and Asia. Its products are incorporated into vehicles produced by automakers worldwide, and the company works with vehicle manufacturers to develop safety systems for passenger cars and other vehicles.

The company’s roots trace to Sweden in 1953, and it has grown into an international automotive-safety business through organic development and acquisitions.