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

Autoliv, Inc. (NYSE:ALV) has received a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $130.6250.

A number of equities analysts have recently weighed in on the stock. Morgan Stanley set a $140.00 price target on shares of Autoliv in a research note on Wednesday, November 26th. Robert W. Baird lowered their target price on shares of Autoliv from $135.00 to $133.00 and set a “neutral” rating on the stock in a research report on Monday, October 20th. UBS Group reaffirmed an “outperform” rating on shares of Autoliv in a report on Monday, October 20th. Evercore ISI boosted their price target on Autoliv from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, November 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Autoliv in a report on Monday, December 15th.

Hedge Funds Weigh In On Autoliv

Hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its holdings in shares of Autoliv by 110.3% in the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 107 shares in the last quarter. Swiss Life Asset Management Ltd lifted its stake in Autoliv by 81.3% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 3,440 shares of the auto parts company’s stock valued at $425,000 after buying an additional 1,543 shares in the last quarter. Manhattan West Asset Management LLC grew its holdings in Autoliv by 0.6% during the 3rd quarter. Manhattan West Asset Management LLC now owns 30,734 shares of the auto parts company’s stock valued at $3,796,000 after buying an additional 196 shares during the last quarter. Danske Bank A S purchased a new position in Autoliv during the third quarter worth $10,750,000. Finally, Advisory Services Network LLC purchased a new position in Autoliv during the third quarter worth $84,000. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Price Performance

Shares of ALV opened at $121.22 on Friday. 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 stock’s 50 day moving average is $118.68 and its two-hundred day moving average is $118.15. Autoliv has a twelve month low of $75.49 and a twelve month high of $129.54. The firm has a market capitalization of $9.21 billion, a PE ratio of 12.52, a P/E/G ratio of 0.91 and a beta of 1.32.

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

Autoliv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 21st were given a $0.87 dividend. The ex-dividend date was Friday, November 21st. This represents a $3.48 annualized dividend and a dividend yield of 2.9%. This is a boost from Autoliv’s previous quarterly dividend of $0.85. Autoliv’s 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.