Autoliv, Inc. (ALV) Receives Average Rating of “Hold” from Analysts
Autoliv, Inc. (NYSE:ALV) has been given an average recommendation of “Hold” by the twenty-four analysts that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $113.55.
ALV has been the subject of a number of analyst reports. Mizuho boosted their target price on shares of Autoliv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, September 15th. BidaskClub downgraded shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. ValuEngine upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Jefferies Group LLC reiterated a “buy” rating and set a $145.00 target price (up previously from $125.00) on shares of Autoliv in a research note on Thursday, September 21st. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Autoliv from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research note on Tuesday, October 17th.
A number of institutional investors have recently modified their holdings of ALV. Toronto Dominion Bank increased its holdings in Autoliv by 11.7% in the second quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock valued at $119,000 after buying an additional 114 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Autoliv by 43.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock worth $149,000 after purchasing an additional 414 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Autoliv by 288.3% during the 2nd quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after purchasing an additional 1,058 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Autoliv by 9.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock worth $210,000 after purchasing an additional 171 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Autoliv by 8.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,944 shares of the auto parts company’s stock worth $213,000 after purchasing an additional 145 shares in the last quarter. 32.74% of the stock is owned by institutional investors.
Shares of Autoliv (ALV) opened at 124.15 on Friday. The firm’s 50-day moving average price is $123.27 and its 200 day moving average price is $111.73. Autoliv has a 12 month low of $93.31 and a 12 month high of $127.75. The company has a market cap of $10.79 billion, a PE ratio of 19.61 and a beta of 1.14.
Autoliv (NYSE:ALV) last posted its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.14. Autoliv had a return on equity of 13.55% and a net margin of 4.96%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the company earned $1.63 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. Equities research analysts anticipate that Autoliv will post $6.23 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be issued a $0.60 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $2.40 dividend on an annualized basis and a yield of 1.93%. Autoliv’s dividend payout ratio (DPR) is presently 41.38%.
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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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