Brokerages Set Autoliv, Inc. (NYSE:ALV) Target Price at $121.62

Autoliv, Inc. (NYSE:ALV - Get Free Report) has earned an average recommendation of "Moderate Buy" from the sixteen ratings firms that are presently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $121.62.

Several equities analysts have commented on ALV shares. Wells Fargo & Company dropped their price target on shares of Autoliv from $101.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Monday, December 16th. Barclays cut their price target on Autoliv from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 15th. Daiwa America upgraded shares of Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Robert W. Baird upped their price target on shares of Autoliv from $103.00 to $108.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. Finally, Daiwa Capital Markets raised shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 price objective on the stock in a research report on Tuesday, January 7th.

Institutional Investors Weigh In On Autoliv

Large investors have recently bought and sold shares of the stock. UMB Bank n.a. increased its position in Autoliv by 139.5% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company's stock worth $26,000 after purchasing an additional 159 shares in the last quarter. Quarry LP grew its holdings in shares of Autoliv by 133.5% during the second quarter. Quarry LP now owns 362 shares of the auto parts company's stock worth $39,000 after buying an additional 207 shares in the last quarter. Fred Alger Management LLC acquired a new position in shares of Autoliv in the third quarter valued at approximately $45,000. Farther Finance Advisors LLC lifted its stake in shares of Autoliv by 2,115.5% during the third quarter. Farther Finance Advisors LLC now owns 2,282 shares of the auto parts company's stock valued at $213,000 after buying an additional 2,179 shares during the period. Finally, Foundations Investment Advisors LLC acquired a new position in Autoliv in the 3rd quarter valued at $222,000. Institutional investors and hedge funds own 69.57% of the company's stock.

Autoliv Trading Up 0.5 %

ALV stock traded up $0.47 during mid-day trading on Thursday, hitting $101.57. 333,106 shares of the company were exchanged, compared to its average volume of 625,032. Autoliv has a 12-month low of $89.51 and a 12-month high of $129.38. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $96.61 and a 200-day simple moving average of $97.11. The firm has a market capitalization of $7.89 billion, a P/E ratio of 13.21, a PEG ratio of 0.73 and a beta of 1.59.

Autoliv Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Tuesday, December 3rd. This is an increase from Autoliv's previous quarterly dividend of $0.68. Autoliv's payout ratio is 36.46%.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.