Autoliv, Inc. (NYSE:ALV) Receives $133.00 Consensus Price Target from Brokerages

Shares of Autoliv, Inc. (NYSE:ALV) have earned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $133.00.

A number of analysts have recently weighed in on the company. Barclays increased their price target on Autoliv from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Wells Fargo & Company dropped their target price on Autoliv from $129.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 9th. UBS Group reissued an “outperform” rating on shares of Autoliv in a report on Monday, October 20th. Berenberg Bank set a $134.00 price target on shares of Autoliv in a research report on Tuesday, October 21st. Finally, Evercore ISI lifted their price objective on shares of Autoliv from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, November 24th.

Hedge Funds Weigh In On Autoliv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its position in Autoliv by 110.3% during the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 107 shares during the period. Root Financial Partners LLC bought a new stake in shares of Autoliv during the third quarter valued at about $32,000. True Wealth Design LLC lifted its holdings in Autoliv by 1,892.3% in the second quarter. True Wealth Design LLC now owns 259 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 246 shares during the period. Quarry LP acquired a new stake in Autoliv in the third quarter worth about $36,000. Finally, Johnson Financial Group Inc. bought a new position in Autoliv in the 3rd quarter valued at about $37,000. 69.57% of the stock is owned by institutional investors.

Autoliv Price Performance

Shares of ALV opened at $126.25 on Thursday. Autoliv has a 52 week low of $75.49 and a 52 week high of $130.14. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 0.85 and a beta of 1.32. The stock has a 50 day moving average of $120.61 and a 200-day moving average of $120.04.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, October 17th. The auto parts company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.22. Autoliv had a return on equity of 31.22% and a net margin of 7.09%.The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period last year, the business posted $1.84 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, analysts forecast that Autoliv will post 9.51 EPS for the current year.

Autoliv Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Autoliv’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, November 21st. Autoliv’s dividend payout ratio is presently 35.95%.

About Autoliv

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.