Autoliv, Inc. (NYSE:ALV) Stock Has Consensus Target Price of $134.92 According to Brokerages

Shares of Autoliv, Inc. (NYSE:ALV) have earned an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $134.92.

A number of brokerages have commented on ALV. Weiss Ratings cut shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Wolfe Research downgraded shares of Autoliv from an “outperform” rating to a “peer perform” rating in a report on Wednesday, September 23rd. Jefferies Financial Group dropped their price target on Autoliv from $134.00 to $119.00 and set a “hold” rating for the company in a research report on Tuesday, September 22nd. Royal Bank Of Canada reduced their price objective on Autoliv from $147.00 to $146.00 and set an “outperform” rating on the stock in a research note on Monday, October 12th. Finally, TD Cowen downgraded Autoliv from a “buy” rating to a “hold” rating and decreased their price objective for the company from $148.00 to $137.00 in a research report on Tuesday, September 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ALV. BlackRock Inc. bought a new stake in Autoliv during the 2nd quarter valued at about $573,245,000. Dimensional Fund Advisors LP lifted its stake in Autoliv by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,952,252 shares of the auto parts company’s stock worth $205,270,000 after acquiring an additional 70,424 shares during the period. Wellington Management Group LLP increased its holdings in Autoliv by 21.4% during the second quarter. Wellington Management Group LLP now owns 821,589 shares of the auto parts company’s stock valued at $95,444,000 after buying an additional 145,013 shares during the period. Bank of New York Mellon Corp lifted its holdings in Autoliv by 19.0% during the first quarter. Bank of New York Mellon Corp now owns 565,623 shares of the auto parts company’s stock worth $59,481,000 after buying an additional 90,412 shares during the period. Finally, ABN AMRO Bank N.V. purchased a new position in shares of Autoliv in the 2nd quarter valued at $33,456,000. Institutional investors own 69.57% of the company’s stock.

Autoliv Price Performance

Shares of NYSE:ALV opened at $120.31 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 1.02. The firm has a fifty day moving average price of $117.03 and a 200 day moving average price of $118.13. Autoliv has a fifty-two week low of $99.16 and a fifty-two week high of $132.17. The firm has a market cap of $8.66 billion, a price-to-earnings ratio of 14.43, a P/E/G ratio of 0.99 and a beta of 1.36.

Autoliv (NYSE:ALV) last posted its 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 company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Autoliv had a net margin of 5.62% and a return on equity of 28.89%. The business’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $2.32 earnings per share. As a group, sell-side analysts expect that Autoliv will post 10.05 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Friday, November 20th will be given a dividend of $0.87 per share. The ex-dividend date is Friday, November 20th. This represents a $3.48 dividend on an annualized basis and a yield of 2.9%. Autoliv’s payout ratio is 47.96%.

About Autoliv

Autoliv, Inc. develops and manufactures automotive safety systems and components for vehicle manufacturers around the world. Its products include airbags, seatbelts, steering wheels, inflators and related restraint-system components designed to help protect vehicle occupants in a crash. The company also develops safety solutions such as pedestrian-protection systems and works on technologies intended to improve vehicle safety. Its products are supplied to automakers across global markets, with manufacturing and engineering operations in multiple countries.