Autoliv, Inc. (NYSE:ALV) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Autoliv, Inc. (NYSE:ALV) have been given an average rating of “Moderate Buy” by the nineteen brokerages that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $129.5714.

A number of research firms have issued reports on ALV. Barclays boosted their price objective on shares of Autoliv from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Wells Fargo & Company reduced their price target on Autoliv from $132.00 to $129.00 and set an “equal weight” rating on the stock in a report on Monday, October 20th. UBS Group reaffirmed an “outperform” rating on shares of Autoliv in a research report on Monday, October 20th. Cowen reiterated a “buy” rating on shares of Autoliv in a research report on Monday, October 20th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Autoliv in a report on Thursday, November 13th.

Autoliv Stock Performance

Shares of ALV stock opened at $117.37 on Wednesday. The company has a market capitalization of $8.92 billion, a P/E ratio of 12.13, a PEG ratio of 0.88 and a beta of 1.35. Autoliv has a fifty-two week low of $75.49 and a fifty-two week high of $129.54. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 0.95. The stock has a 50 day moving average price of $120.52 and a two-hundred day moving average price of $116.09.

Autoliv (NYSE:ALV) last issued its earnings results 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 net margin of 7.09% and a return on equity of 31.22%. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter last year, the business earned $1.84 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. Analysts expect that Autoliv will post 9.51 earnings per share for the current year.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, November 21st. This is an increase from Autoliv’s previous quarterly dividend of $0.85. Autoliv’s payout ratio is presently 35.95%.

Institutional Investors Weigh In On Autoliv

A number of large investors have recently modified their holdings of ALV. Summit Securities Group LLC purchased a new position in shares of Autoliv in the 1st quarter valued at approximately $1,029,000. Entropy Technologies LP bought a new position in Autoliv in the first quarter worth $407,000. Charles Schwab Investment Management Inc. raised its holdings in Autoliv by 418.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company’s stock worth $219,686,000 after purchasing an additional 2,004,515 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in Autoliv during the first quarter valued at $1,300,000. Finally, Northern Trust Corp boosted its holdings in shares of Autoliv by 1.3% during the 1st quarter. Northern Trust Corp now owns 501,403 shares of the auto parts company’s stock valued at $44,349,000 after buying an additional 6,215 shares in the last quarter. Institutional investors 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.