Autoliv Inc. (ALV) Downgraded by Handelsbanken to Accumulate
Autoliv Inc. (NYSE:ALV) was downgraded by Handelsbanken from a “buy” rating to an “accumulate” rating in a research note issued to investors on Monday.
Several other brokerages have also weighed in on ALV. Berenberg Bank started coverage on Autoliv in a research report on Friday, June 17th. They issued a “hold” rating and a $109.00 target price on the stock. Zacks Investment Research lowered Autoliv from a “buy” rating to a “hold” rating in a research report on Tuesday, June 21st. Royal Bank Of Canada cut their price objective on Autoliv from $95.00 to $92.00 and set an “underperform” rating on the stock in a research report on Monday, July 25th. Barclays PLC cut their price objective on Autoliv from $89.00 to $82.00 and set an “underweight” rating on the stock in a research report on Monday, July 25th. Finally, Deutsche Bank AG cut their price objective on Autoliv from $102.00 to $100.00 and set a “hold” rating on the stock in a research report on Monday, July 25th. Eight investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Autoliv has an average rating of “Hold” and an average price target of C$101.39.
Autoliv (NYSE:ALV) traded up 0.128% on Monday, hitting $105.315. The stock had a trading volume of 121,221 shares. The stock has a market cap of $9.29 billion, a P/E ratio of 16.430 and a beta of 1.29. Autoliv has a one year low of $95.34 and a one year high of $129.37. The company’s 50-day moving average is $105.96 and its 200-day moving average is $112.66.
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Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, July 22nd. The company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.04. Autoliv had a return on equity of 16.97% and a net margin of 5.83%. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter last year, the firm earned $1.62 earnings per share. The business’s revenue was up 12.5% on a year-over-year basis. On average, analysts anticipate that Autoliv will post $6.66 earnings per share for the current fiscal year.
The business 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. The ex-dividend date is Monday, November 14th. This represents a $2.32 annualized dividend and a dividend yield of 2.21%. Autoliv’s dividend payout ratio is currently 36.19%.
Several hedge funds and other institutional investors have recently bought and sold shares of ALV. Fiera Capital Corp bought a new position in Autoliv during the second quarter valued at about $44,173,000. PGGM Investments bought a new position in Autoliv during the second quarter valued at about $28,315,000. Ameriprise Financial Inc. boosted its position in Autoliv by 34.7% in the second quarter. Ameriprise Financial Inc. now owns 802,236 shares of the company’s stock valued at $86,217,000 after buying an additional 206,460 shares in the last quarter. Pictet Asset Management Ltd. boosted its position in Autoliv by 28.5% in the second quarter. Pictet Asset Management Ltd. now owns 415,300 shares of the company’s stock valued at $50,920,000 after buying an additional 92,100 shares in the last quarter. Finally, State Street Corp boosted its position in Autoliv by 10.4% in the first quarter. State Street Corp now owns 864,427 shares of the company’s stock valued at $102,415,000 after buying an additional 81,460 shares in the last quarter. 33.07% of the stock is currently owned by institutional investors.
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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