Analysts Set Autoliv, Inc. (NYSE:ALV) Price Target at $122.46

Autoliv, Inc. (NYSE:ALV) has been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $121.62.

A number of research analysts recently issued reports on the company. StockNews.com lowered Autoliv from a “buy” rating to a “hold” rating in a report on Wednesday, December 25th. Daiwa America upgraded Autoliv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Wells Fargo & Company cut their target price on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Monday, December 16th. Daiwa Capital Markets raised shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 target price on the stock in a report on Tuesday, January 7th. Finally, Bank of America lowered their price target 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.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ALV. FMR LLC boosted its holdings in shares of Autoliv by 6.1% in the third 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 during the period. Swedbank AB raised its position in Autoliv by 8.7% in the 3rd quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock valued at $239,707,000 after purchasing an additional 205,241 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Autoliv by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,316,874 shares of the auto parts company’s stock worth $140,892,000 after purchasing an additional 40,957 shares during the period. Mondrian Investment Partners LTD grew its position in Autoliv by 21.8% during the 2nd quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock worth $117,330,000 after purchasing an additional 207,521 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Autoliv by 10.8% in 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 during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Down 0.1 %

Shares of ALV opened at $93.37 on Friday. The company’s 50-day simple moving average is $96.35 and its 200-day simple moving average is $97.89. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. Autoliv has a 1 year low of $89.51 and a 1 year high of $129.38. The stock has a market capitalization of $7.26 billion, a PE ratio of 12.16, a P/E/G ratio of 0.90 and a beta of 1.59.

Autoliv (NYSE:ALV) last released its earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. Autoliv’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.66 earnings per share. Analysts forecast that Autoliv will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a $0.70 dividend. This is an increase from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Tuesday, December 3rd. Autoliv’s payout ratio is presently 36.46%.

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.