Autoliv (NYSE:ALV) Price Target Cut to $141.00 by Analysts at Royal Bank Of Canada

Autoliv (NYSE:ALVFree Report) had its price objective reduced by Royal Bank Of Canada from $146.00 to $141.00 in a research note published on Monday morning, Marketbeat Ratings reports. They currently have an outperform rating on the auto parts company’s stock.

Several other equities analysts have also commented on the stock. Wolfe Research set a $143.00 price target on shares of Autoliv in a research note on Monday, January 12th. Wells Fargo & Company lowered their target price on shares of Autoliv from $129.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, December 9th. TD Cowen reaffirmed a “buy” rating on shares of Autoliv in a research report on Monday. Robert W. Baird set a $132.00 price target on shares of Autoliv in a research note on Monday. Finally, Berenberg Bank set a $134.00 price target on shares of Autoliv in a research report on Tuesday, October 21st. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $132.25.

Read Our Latest Report on Autoliv

Autoliv Stock Down 0.5%

Autoliv stock opened at $120.69 on Monday. Autoliv has a 1-year low of $75.49 and a 1-year high of $130.14. 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 stock has a market cap of $9.17 billion, a PE ratio of 12.62, a P/E/G ratio of 0.75 and a beta of 1.32. The stock’s fifty day moving average is $122.01 and its two-hundred day moving average is $120.69.

Autoliv (NYSE:ALVGet Free Report) last released its quarterly earnings data on Friday, January 30th. The auto parts company reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.34. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the prior year, the firm posted $3.05 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, sell-side analysts expect that Autoliv will post 9.51 EPS for the current fiscal year.

Autoliv Increases Dividend

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

Institutional Investors Weigh In On Autoliv

Institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. boosted its position in Autoliv by 24.8% in the 3rd quarter. Bessemer Group Inc. now owns 448 shares of the auto parts company’s stock valued at $56,000 after buying an additional 89 shares during the last quarter. IFP Advisors Inc increased its position in shares of Autoliv by 110.3% during the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 107 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Autoliv by 3.6% in the second quarter. ProShare Advisors LLC now owns 3,152 shares of the auto parts company’s stock worth $353,000 after acquiring an additional 109 shares in the last quarter. Fortem Financial Group LLC boosted its holdings in Autoliv by 2.0% in the third quarter. Fortem Financial Group LLC now owns 6,237 shares of the auto parts company’s stock valued at $770,000 after purchasing an additional 120 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Autoliv by 35.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 454 shares of the auto parts company’s stock valued at $56,000 after purchasing an additional 120 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv News Roundup

Here are the key news stories impacting Autoliv this week:

About Autoliv

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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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