Autoliv (NYSE:ALV) Price Target Cut to $97.00 by Analysts at Wells Fargo & Company

Autoliv (NYSE:ALV - Free Report) had its price objective lowered by Wells Fargo & Company from $101.00 to $97.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the auto parts company's stock.

ALV has been the topic of a number of other research reports. Wolfe Research initiated coverage on shares of Autoliv in a research report on Thursday, September 5th. They issued an "outperform" rating and a $120.00 price objective on the stock. Barclays dropped their target price on Autoliv from $115.00 to $110.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 15th. Bank of America decreased their price target on Autoliv from $137.00 to $134.00 and set a "buy" rating for the company in a research note on Thursday, October 3rd. StockNews.com upgraded Autoliv from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $116.00 price objective on shares of Autoliv in a report on Tuesday, September 10th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Autoliv currently has a consensus rating of "Moderate Buy" and an average target price of $122.46.

Autoliv Stock Down 2.4 %

Shares of Autoliv stock traded down $2.35 on Monday, hitting $95.18. The company had a trading volume of 619,772 shares, compared to its average volume of 703,535. The stock has a 50-day moving average of $97.10 and a 200-day moving average of $100.67. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. Autoliv has a twelve month low of $89.51 and a twelve month high of $129.38. The firm has a market capitalization of $7.50 billion, a P/E ratio of 12.39, a P/E/G ratio of 0.90 and a beta of 1.59.

Autoliv (NYSE:ALV - Get Free Report) last announced its earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share for the quarter, missing analysts' consensus estimates of $2.00 by ($0.16). The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. Autoliv's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.66 earnings per share. Research analysts predict that Autoliv will post 8.19 earnings per share for the current year.

Autoliv Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a boost from Autoliv's previous quarterly dividend of $0.68. Autoliv's payout ratio is presently 36.46%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Quarry LP raised its stake in Autoliv by 133.5% in the second quarter. Quarry LP now owns 362 shares of the auto parts company's stock valued at $39,000 after purchasing an additional 207 shares in the last quarter. Fred Alger Management LLC acquired a new position in shares of Autoliv during the 3rd quarter worth $45,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Autoliv by 14.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company's stock worth $102,000 after buying an additional 117 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in Autoliv in the second quarter valued at about $156,000. Finally, Rothschild Investment LLC bought a new position in Autoliv in the second quarter valued at about $209,000. 69.57% of the stock is owned by institutional investors.

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.