Autoliv (NYSE:ALV) Stock Price Breaks Above 50-Day Moving Average – What’s Next?

Autoliv, Inc. (NYSE:ALV)’s share price crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $117.17 and traded as high as $118.89. Autoliv shares last traded at $117.48, with a volume of 1,054,383 shares changing hands.

Analyst Ratings Changes

A number of brokerages have issued reports on ALV. Weiss Ratings lowered Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. TD Cowen lowered Autoliv from a “buy” rating to a “hold” rating and lowered their price target for the company from $148.00 to $137.00 in a report on Tuesday, September 8th. Jefferies Financial Group cut their price objective on shares of Autoliv from $134.00 to $119.00 and set a “hold” rating on the stock in a research note on Tuesday, September 22nd. Royal Bank Of Canada reduced their price objective on shares of Autoliv from $147.00 to $146.00 and set an “outperform” rating for the company in a report on Monday, October 12th. Finally, Wolfe Research lowered shares of Autoliv from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, September 23rd. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.92.

Autoliv Stock Up 0.5%

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 0.76. The firm has a market cap of $8.46 billion, a PE ratio of 14.09, a P/E/G ratio of 0.98 and a beta of 1.39. The business has a fifty day moving average price of $117.17 and a two-hundred day moving average price of $118.37.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, October 23rd. The auto parts company reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.04). The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.73 billion. Autoliv had a net margin of 5.62% and a return on equity of 28.89%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.32 earnings per share. On average, analysts anticipate that Autoliv, Inc. will post 9.98 EPS for the current fiscal year.

Autoliv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were issued a $0.87 dividend. The ex-dividend date was Friday, August 28th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.0%. Autoliv’s dividend payout ratio is currently 41.73%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Reyes Financial Architecture Inc. acquired a new position in shares of Autoliv in the third quarter valued at approximately $32,000. Root Financial Partners LLC bought a new stake in shares of Autoliv during the third quarter worth $39,000. Global Retirement Partners LLC acquired a new stake in shares of Autoliv during the second quarter worth $60,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Autoliv during the second quarter worth $62,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Autoliv in the 2nd quarter valued at $69,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

About Autoliv

Autoliv, Inc (NYSE: ALV) develops and manufactures automotive safety systems and components for vehicle manufacturers worldwide. The company focuses primarily on passive safety products designed to help protect occupants during a collision.

Its product portfolio includes airbags, seat belts, steering wheels, pedestrian protection systems, and associated safety electronics and control systems. Autoliv supplies these products to major automakers and supports vehicle programs across passenger cars and commercial vehicles.

Autoliv traces its roots to Sweden and has grown into an international automotive supplier with operations and customers across North America, Europe, Asia, and other major automotive markets.