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

Shares of Autoliv, Inc. (NYSE:ALV) have been given an average rating of “Moderate Buy” by the seventeen research firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $122.9167.

Several brokerages have recently issued reports on ALV. Jefferies Financial Group began coverage on shares of Autoliv in a research note on Wednesday, July 2nd. They issued a “buy” rating and a $140.00 price objective on the stock. Mizuho lifted their price objective on shares of Autoliv from $95.00 to $112.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Wells Fargo & Company raised their target price on shares of Autoliv from $106.00 to $126.00 and gave the stock an “equal weight” rating in a report on Tuesday. Robert W. Baird decreased their target price on shares of Autoliv from $126.00 to $124.00 and set a “neutral” rating for the company in a report on Monday, July 21st. Finally, Barclays reiterated an “overweight” rating and issued a $135.00 target price (up from $105.00) on shares of Autoliv in a report on Wednesday, July 16th.

Autoliv Stock Performance

Shares of ALV opened at $127.83 on Friday. The firm’s 50 day moving average is $118.43 and its 200-day moving average is $104.33. The stock has a market capitalization of $9.82 billion, a P/E ratio of 13.99, a P/E/G ratio of 1.30 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.70. Autoliv has a 12-month low of $75.49 and a 12-month high of $127.89.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, July 18th. The auto parts company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.14. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.87 EPS. Equities research analysts anticipate that Autoliv will post 9.51 EPS for the current fiscal year.

Autoliv declared that its board has approved a share repurchase program on Wednesday, June 4th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the auto parts company to reacquire up to 31.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Autoliv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SouthState Corp acquired a new stake in shares of Autoliv during the first quarter worth approximately $25,000. True Wealth Design LLC boosted its holdings in shares of Autoliv by 1,892.3% during 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. GAMMA Investing LLC boosted its holdings in shares of Autoliv by 122.9% during the first quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company’s stock worth $33,000 after purchasing an additional 204 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Autoliv by 103.5% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 348 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 177 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Autoliv during the first quarter worth approximately $44,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

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.