Autoliv, Inc. (NYSE:ALV) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Autoliv, Inc. (NYSE:ALVGet Rating) have earned a consensus recommendation of “Hold” from the eighteen analysts that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $103.31.

A number of equities research analysts have issued reports on ALV shares. Zacks Investment Research lowered Autoliv from a “hold” rating to a “strong sell” rating and set a $65.00 price target for the company. in a research note on Tuesday, April 5th. Citigroup cut their price target on Autoliv from $102.00 to $84.00 in a research note on Tuesday, April 5th. StockNews.com assumed coverage on Autoliv in a research report on Thursday, March 31st. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft upgraded Autoliv from a “hold” rating to a “buy” rating and raised their price objective for the company from $117.00 to $123.00 in a research report on Tuesday, February 1st. Finally, Mizuho cut their price objective on Autoliv from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Monday, January 31st.

Shares of NYSE ALV traded up $0.04 during midday trading on Monday, hitting $72.76. 476,664 shares of the stock traded hands, compared to its average volume of 707,549. The firm has a 50-day moving average of $82.14 and a two-hundred day moving average of $93.48. The firm has a market capitalization of $6.37 billion, a P/E ratio of 14.64 and a beta of 1.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.03 and a current ratio of 1.30. Autoliv has a one year low of $70.15 and a one year high of $110.59.

Autoliv (NYSE:ALVGet Rating) last announced its earnings results on Friday, January 28th. The auto parts company reported $1.30 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.30. Autoliv had a return on equity of 17.00% and a net margin of 5.30%. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same period last year, the firm earned $2.19 EPS. Autoliv’s revenue for the quarter was down 15.8% compared to the same quarter last year. Equities analysts forecast that Autoliv will post 6.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 23rd. Stockholders of record on Tuesday, March 8th were paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Monday, March 7th. Autoliv’s dividend payout ratio is presently 51.51%.

In other Autoliv news, insider Fredrik Westin sold 1,060 shares of Autoliv stock in a transaction on Monday, March 7th. The shares were sold at an average price of $75.38, for a total value of $79,902.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Mikael Bratt sold 935 shares of Autoliv stock in a transaction on Wednesday, February 23rd. The stock was sold at an average price of $97.33, for a total transaction of $91,003.55. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB lifted its position in Autoliv by 111.6% during the third quarter. Nordea Investment Management AB now owns 4,045,304 shares of the auto parts company’s stock valued at $351,012,000 after purchasing an additional 2,133,309 shares during the period. Norges Bank acquired a new position in shares of Autoliv in the fourth quarter worth about $87,591,000. FIL Ltd raised its position in shares of Autoliv by 70.6% in the third quarter. FIL Ltd now owns 1,587,160 shares of the auto parts company’s stock worth $136,051,000 after acquiring an additional 656,722 shares during the period. Point72 Asset Management L.P. raised its position in shares of Autoliv by 444.8% in the fourth quarter. Point72 Asset Management L.P. now owns 672,027 shares of the auto parts company’s stock worth $69,494,000 after acquiring an additional 548,671 shares during the period. Finally, Two Sigma Advisers LP raised its position in shares of Autoliv by 6,057.4% in the third quarter. Two Sigma Advisers LP now owns 418,700 shares of the auto parts company’s stock worth $35,891,000 after acquiring an additional 411,900 shares during the period. 53.46% of the stock is currently owned by hedge funds and other institutional investors.

About Autoliv (Get Rating)

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, inflator technologies, and battery cut-off switches, as well as anti-whiplash systems and pedestrian protection systems, and connected safety services and solutions for riders of powered two wheelers.

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Analyst Recommendations for Autoliv (NYSE:ALV)

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