Autoliv, Inc. (NYSE:ALV) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Autoliv, Inc. (NYSE:ALV) have received an average recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $122.77.

A number of research analysts recently weighed in on the stock. Bank of America cut their target price on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Wolfe Research assumed coverage on Autoliv in a research note on Thursday, September 5th. They set an “outperform” rating and a $120.00 price objective on the stock. Wells Fargo & Company lowered their price objective on Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a research note on Monday, October 21st. Barclays decreased their price target on Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $116.00 price objective on shares of Autoliv in a research report on Tuesday, September 10th.

Autoliv Trading Up 1.1 %

Autoliv stock opened at $98.87 on Friday. Autoliv has a 1 year low of $89.51 and a 1 year high of $129.38. The firm’s 50 day moving average price is $95.56 and its 200-day moving average price is $104.17. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. The stock has a market cap of $7.79 billion, a P/E ratio of 12.87, a PEG ratio of 0.86 and a beta of 1.59.

Autoliv (NYSE:ALV) last released its quarterly earnings data 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). The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the company earned $1.66 EPS. On average, equities analysts predict that Autoliv will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 2.83%. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio is currently 36.46%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in shares of Autoliv during the third quarter worth $1,684,000. Fortem Financial Group LLC purchased a new position in shares of Autoliv during the 3rd quarter valued at about $609,000. Neo Ivy Capital Management boosted its position in Autoliv by 226.6% in the 3rd quarter. Neo Ivy Capital Management now owns 19,842 shares of the auto parts company’s stock worth $1,852,000 after purchasing an additional 13,766 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Autoliv by 10.8% in the third quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock worth $92,221,000 after acquiring an additional 95,888 shares during the period. Finally, Barclays PLC boosted its position in Autoliv by 41.5% during the third quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock worth $2,821,000 after purchasing an additional 8,859 shares in the last quarter. 69.57% of the stock is owned by institutional investors.

Autoliv Company Profile

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.