Autoliv (NYSE:ALV) Given New $145.00 Price Target at Evercore ISI

Autoliv (NYSE:ALVFree Report) had its price target decreased by Evercore ISI from $150.00 to $145.00 in a research report released on Monday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the auto parts company’s stock.

A number of other equities analysts have also recently issued reports on ALV. Deutsche Bank Aktiengesellschaft set a $133.00 target price on Autoliv in a report on Friday, October 10th. Robert W. Baird set a $137.00 price target on Autoliv in a research note on Wednesday, January 14th. Morgan Stanley set a $140.00 price objective on Autoliv in a report on Wednesday, November 26th. Barclays reaffirmed an “overweight” rating and set a $140.00 price objective on shares of Autoliv in a research note on Monday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Autoliv in a research report on Monday, December 29th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Autoliv has an average rating of “Moderate Buy” and an average target price of $132.25.

View Our Latest Stock Analysis on Autoliv

Autoliv Stock Performance

Shares of ALV opened at $120.69 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.79. The firm’s 50 day moving average is $122.01 and its 200-day moving average is $120.69. Autoliv has a 12-month low of $75.49 and a 12-month high of $130.14. The stock has a market capitalization of $9.17 billion, a P/E ratio of 12.62, a P/E/G ratio of 0.75 and a beta of 1.32.

Autoliv (NYSE:ALVGet Free Report) last issued its earnings results on Friday, January 30th. The auto parts company reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.34. The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $3.05 earnings per share. Equities research analysts anticipate that Autoliv will post 9.51 EPS for the current fiscal year.

Autoliv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st were paid a dividend of $0.87 per share. This is a boost from Autoliv’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, November 21st. This represents a $3.48 annualized dividend and a yield of 2.9%. Autoliv’s dividend payout ratio (DPR) is presently 36.40%.

Institutional Trading of Autoliv

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new position in Autoliv during the second quarter valued at approximately $110,368,000. LSV Asset Management boosted its stake in shares of Autoliv by 54.9% during the 3rd quarter. LSV Asset Management now owns 1,579,687 shares of the auto parts company’s stock valued at $195,091,000 after buying an additional 559,605 shares during the period. AQR Capital Management LLC grew its holdings in shares of Autoliv by 151.7% during the 3rd quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock valued at $114,077,000 after acquiring an additional 556,651 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Autoliv by 334.1% during the 2nd quarter. Invesco Ltd. now owns 644,818 shares of the auto parts company’s stock valued at $72,155,000 after acquiring an additional 496,261 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in shares of Autoliv in the third quarter worth $41,163,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

Key Autoliv News

Here are the key news stories impacting Autoliv this week:

Autoliv Company Profile

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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.

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Analyst Recommendations for Autoliv (NYSE:ALV)

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