Autoliv (NYSE:ALV) Upgraded by StockNews.com to Strong-Buy

StockNews.com upgraded shares of Autoliv (NYSE:ALVFree Report) from a buy rating to a strong-buy rating in a report released on Wednesday.

Other research analysts have also recently issued reports about the company. Robert W. Baird upped their price target on Autoliv from $133.00 to $135.00 and gave the stock a neutral rating in a research note on Monday, April 29th. Barclays upped their price objective on Autoliv from $120.00 to $125.00 and gave the stock an equal weight rating in a research report on Monday, April 29th. UBS Group raised Autoliv from a neutral rating to a buy rating and upped their price objective for the stock from $102.00 to $141.00 in a research report on Tuesday, May 28th. JPMorgan Chase & Co. upped their price objective on Autoliv from $117.00 to $129.00 and gave the stock a neutral rating in a research report on Monday, April 22nd. Finally, Wells Fargo & Company upped their price objective on Autoliv from $126.00 to $128.00 and gave the stock an equal weight rating in a research report on Monday, April 29th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $129.50.

Check Out Our Latest Analysis on Autoliv

Autoliv Stock Down 0.9 %

NYSE:ALV opened at $120.12 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 1.10 and a debt-to-equity ratio of 0.75. The stock’s fifty day moving average is $121.51 and its two-hundred day moving average is $113.52. Autoliv has a 52 week low of $82.21 and a 52 week high of $129.38. The stock has a market capitalization of $9.78 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 0.71 and a beta of 1.65.

Autoliv (NYSE:ALVGet Free Report) last released its quarterly earnings results on Friday, April 26th. The auto parts company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.18. Autoliv had a return on equity of 29.84% and a net margin of 5.10%. The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Research analysts anticipate that Autoliv will post 9.82 EPS for the current year.

Autoliv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Thursday, May 23rd will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Wednesday, May 22nd. Autoliv’s dividend payout ratio (DPR) is presently 42.43%.

Insider Activity at Autoliv

In other Autoliv news, Director Jan Carlson sold 1,900 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $126.75, for a total value of $240,825.00. Following the completion of the transaction, the director now owns 77,493 shares in the company, valued at $9,822,237.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Autoliv

Large investors have recently bought and sold shares of the stock. Van ECK Associates Corp acquired a new position in Autoliv in the fourth quarter valued at $2,356,000. Louisiana State Employees Retirement System acquired a new position in Autoliv in the fourth quarter valued at $2,314,000. American Trust Investment Advisors LLC boosted its stake in shares of Autoliv by 63.2% during the fourth quarter. American Trust Investment Advisors LLC now owns 36,340 shares of the auto parts company’s stock worth $4,004,000 after buying an additional 14,068 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Autoliv by 146.8% during the fourth quarter. Hsbc Holdings PLC now owns 61,242 shares of the auto parts company’s stock worth $6,748,000 after buying an additional 36,431 shares during the period. Finally, Foundry Partners LLC acquired a new stake in shares of Autoliv during the fourth quarter worth about $15,165,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

About Autoliv

(Get Free Report)

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.

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Analyst Recommendations for Autoliv (NYSE:ALV)

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