Daiwa Capital Markets upgraded shares of Autoliv (NYSE:ALV - Free Report) from a neutral rating to an outperform rating in a research report sent to investors on Tuesday morning, Marketbeat.com reports. The firm currently has $109.00 target price on the auto parts company's stock.
ALV has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $116.00 target price on shares of Autoliv in a research note on Tuesday, September 10th. Wells Fargo & Company reduced their price objective on Autoliv from $101.00 to $97.00 and set an "equal weight" rating on the stock in a research report on Monday, December 16th. StockNews.com cut Autoliv from a "buy" rating to a "hold" rating in a report on Wednesday, December 25th. 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 note on Tuesday, October 15th. Finally, Robert W. Baird raised their price objective on Autoliv from $103.00 to $108.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Autoliv presently has an average rating of "Moderate Buy" and a consensus target price of $121.50.
Check Out Our Latest Analysis on Autoliv
Autoliv Price Performance
Shares of Autoliv stock traded up $1.10 during trading on Tuesday, reaching $94.84. 601,640 shares of the company's stock were exchanged, compared to its average volume of 496,635. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. Autoliv has a 1-year low of $89.51 and a 1-year high of $129.38. The company has a market cap of $7.37 billion, a P/E ratio of 12.35, a PEG ratio of 0.90 and a beta of 1.59. The firm's 50-day moving average price is $96.40 and its 200 day moving average price is $98.15.
Autoliv (NYSE:ALV - Get Free Report) last issued its earnings results on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.16). Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the firm posted $1.66 EPS. The firm's revenue was down 1.6% compared to the same quarter last year. As a group, research analysts anticipate that Autoliv will post 8.19 earnings per share for the current year.
Autoliv Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.70 per share. This is a positive change from Autoliv's previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Tuesday, December 3rd. Autoliv's payout ratio is currently 36.46%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Quarry LP grew its holdings in 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 purchased a new position in Autoliv during the 3rd quarter worth $45,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Autoliv by 14.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company's stock worth $102,000 after acquiring an additional 117 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Autoliv by 2,115.5% in the third quarter. Farther Finance Advisors LLC now owns 2,282 shares of the auto parts company's stock valued at $213,000 after purchasing an additional 2,179 shares during the last quarter. Finally, Foundations Investment Advisors LLC bought a new position in shares of Autoliv during the third quarter valued at about $222,000. Institutional investors own 69.57% of the company's stock.
Autoliv Company Profile
(
Get Free Report)
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.
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