Autoliv, Inc. (NYSE:ALV) Receives $130.63 Consensus Price Target from Brokerages

Shares of Autoliv, Inc. (NYSE:ALV) have been given a consensus rating of “Moderate Buy” by the twenty ratings firms that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $130.6250.

A number of brokerages have recently commented on ALV. Wells Fargo & Company decreased their price target on shares of Autoliv from $129.00 to $125.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 9th. Barclays upped their target price on shares of Autoliv from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Evercore ISI raised their price target on Autoliv from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft set a $133.00 price target on Autoliv in a research note on Friday, October 10th. Finally, Cowen reiterated a “buy” rating on shares of Autoliv in a research report on Monday, October 20th.

Institutional Investors Weigh In On Autoliv

Institutional investors have recently made changes to their positions in the business. Swedbank AB raised its position in Autoliv by 8.5% in the 3rd quarter. Swedbank AB now owns 2,601,246 shares of the auto parts company’s stock worth $321,254,000 after purchasing an additional 203,511 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Autoliv by 1.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,517,790 shares of the auto parts company’s stock valued at $281,741,000 after buying an additional 34,064 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Autoliv by 1.1% in the third quarter. Vanguard Group Inc. now owns 1,846,175 shares of the auto parts company’s stock worth $228,003,000 after buying an additional 19,440 shares during the period. LSV Asset Management increased its holdings in shares of Autoliv by 54.9% in the third quarter. LSV Asset Management now owns 1,579,687 shares of the auto parts company’s stock worth $195,091,000 after buying an additional 559,605 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Autoliv by 26.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 999,506 shares of the auto parts company’s stock valued at $111,845,000 after acquiring an additional 206,200 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Performance

NYSE:ALV opened at $120.34 on Friday. The stock has a market cap of $9.14 billion, a P/E ratio of 12.43, a PEG ratio of 0.91 and a beta of 1.32. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $118.78 and its two-hundred day moving average price is $118.66. Autoliv has a twelve month low of $75.49 and a twelve month high of $129.54.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, October 17th. The auto parts company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.22. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Autoliv had a net margin of 7.09% and a return on equity of 31.22%. Autoliv’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.84 earnings per share. As a group, equities analysts predict that Autoliv will post 9.51 EPS for the current fiscal year.

Autoliv Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st were given a dividend of $0.87 per share. The ex-dividend date was Friday, November 21st. This is an increase from Autoliv’s previous quarterly dividend of $0.85. This represents a $3.48 dividend on an annualized basis and a yield of 2.9%. Autoliv’s dividend payout ratio (DPR) is 35.95%.

Autoliv Company Profile

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.