Autoliv, Inc. (ALV) Given Average Recommendation of “Hold” by Analysts
Autoliv, Inc. (NYSE:ALV) has been assigned an average recommendation of “Hold” from the nineteen ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $104.22.
A number of analysts have recently commented on the stock. BMO Capital Markets restated an “outperform” rating and set a $121.00 target price on shares of Autoliv in a report on Wednesday, July 26th. Royal Bank Of Canada restated a “hold” rating and set a $100.00 target price on shares of Autoliv in a report on Tuesday, August 29th. Piper Jaffray Companies restated a “hold” rating and set a $99.00 target price on shares of Autoliv in a report on Wednesday, July 26th. Guggenheim assumed coverage on shares of Autoliv in a report on Wednesday, June 21st. They set a “neutral” rating and a $102.00 target price on the stock. Finally, Bank of America Corporation dropped their target price on shares of Autoliv from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Tuesday, July 25th.
Autoliv (ALV) opened at 110.01 on Friday. Autoliv has a 12-month low of $93.31 and a 12-month high of $117.54. The firm has a market cap of $9.56 billion, a P/E ratio of 17.38 and a beta of 1.12. The firm’s 50-day moving average is $107.86 and its 200 day moving average is $106.41.
Autoliv (NYSE:ALV) last announced its earnings results on Friday, July 21st. The auto parts company reported $1.44 EPS for the quarter, missing the Zacks’ consensus estimate of $1.48 by $0.04. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the firm posted $1.75 EPS. The business’s quarterly revenue was down 1.3% on a year-over-year basis. Equities analysts forecast that Autoliv will post $6.22 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Tuesday, November 21st. Autoliv’s payout ratio is 37.97%.
In other Autoliv news, VP Thomas Jonsson sold 1,240 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $108.55, for a total value of $134,602.00. Following the completion of the transaction, the vice president now owns 2,311 shares of the company’s stock, valued at approximately $250,859.05. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.25% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of ALV. BlackRock Inc. raised its position in Autoliv by 2,592.0% in the 1st quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock worth $277,583,000 after buying an additional 2,613,635 shares during the last quarter. Principal Financial Group Inc. raised its position in Autoliv by 915.3% in the 2nd quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the auto parts company’s stock worth $244,927,000 after buying an additional 2,010,970 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Autoliv by 68.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 727,392 shares of the auto parts company’s stock worth $74,375,000 after buying an additional 296,818 shares during the last quarter. Alliancebernstein L.P. raised its position in Autoliv by 2,167.8% in the 1st quarter. Alliancebernstein L.P. now owns 305,519 shares of the auto parts company’s stock worth $31,242,000 after buying an additional 292,047 shares during the last quarter. Finally, Edge Asset Management Inc. raised its position in Autoliv by 15.6% in the 1st quarter. Edge Asset Management Inc. now owns 1,719,166 shares of the auto parts company’s stock worth $175,802,000 after buying an additional 232,363 shares during the last quarter. 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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