Mizuho Issues Pessimistic Forecast for Autoliv (NYSE:ALV) Stock Price

Autoliv (NYSE:ALV - Free Report) had its price objective cut by Mizuho from $115.00 to $112.00 in a report issued on Monday,Benzinga reports. They currently have an outperform rating on the auto parts company's stock.

A number of other research firms have also weighed in on ALV. Daiwa Capital Markets upgraded shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 target price for the company in a report on Tuesday, January 7th. Wells Fargo & Company cut 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. Robert W. Baird upped their target price on Autoliv from $103.00 to $108.00 and gave the company a "neutral" rating in a report on Monday, October 21st. StockNews.com upgraded shares of Autoliv from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, Daiwa America upgraded shares of Autoliv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Autoliv has an average rating of "Moderate Buy" and a consensus target price of $117.23.

Autoliv Trading Down 0.7 %

Shares of NYSE ALV traded down $0.63 during midday trading on Monday, reaching $93.83. The company had a trading volume of 735,725 shares, compared to its average volume of 747,203. The stock has a market cap of $7.29 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 0.72 and a beta of 1.58. Autoliv has a one year low of $89.51 and a one year high of $129.38. The firm's fifty day moving average price is $96.30 and its 200-day moving average price is $96.73. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 earnings per share for the quarter, beating analysts' consensus estimates of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. On average, equities research analysts anticipate that Autoliv will post 10.05 earnings per share for the current year.

Autoliv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.98%. The ex-dividend date was Tuesday, December 3rd. This is a positive change from Autoliv's previous quarterly dividend of $0.68. Autoliv's payout ratio is currently 34.70%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC lifted its position in Autoliv by 6.1% in the 3rd quarter. FMR LLC now owns 6,504,605 shares of the auto parts company's stock valued at $607,335,000 after acquiring an additional 376,665 shares in the last quarter. Swedbank AB raised its stake in shares of Autoliv by 8.7% in the third quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company's stock worth $239,707,000 after purchasing an additional 205,241 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Autoliv by 10.8% during the third quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company's stock valued at $92,221,000 after purchasing an additional 95,888 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Autoliv by 21.2% during the third quarter. Wellington Management Group LLP now owns 910,437 shares of the auto parts company's stock valued at $85,008,000 after buying an additional 159,067 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Autoliv by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,629 shares of the auto parts company's stock worth $45,530,000 after buying an additional 4,060 shares in the last quarter. Institutional investors own 69.57% of the company's stock.

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.