Autoliv’s (ALV) “Hold” Rating Reaffirmed at Cowen

Cowen restated their hold rating on shares of Autoliv (NYSE:ALV) in a research report report published on Friday. They currently have a $139.00 price target on the auto parts company’s stock.

ALV has been the topic of several other reports. Jefferies Group restated a buy rating and issued a $145.00 price objective (up from $125.00) on shares of Autoliv in a research report on Thursday, September 21st. They noted that the move was a valuation call. Pareto Securities upgraded Autoliv from a hold rating to a buy rating in a research report on Friday, October 27th. Zacks Investment Research upgraded Autoliv from a hold rating to a buy rating and set a $142.00 price objective on the stock in a research report on Tuesday, October 17th. KeyCorp restated a buy rating and issued a $146.00 price objective (up from $136.00) on shares of Autoliv in a research report on Monday, November 6th. Finally, ValuEngine upgraded Autoliv from a hold rating to a buy rating in a research report on Sunday, December 31st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $116.07.

Autoliv (ALV) traded up $0.73 on Friday, reaching $136.44. The company’s stock had a trading volume of 358,658 shares, compared to its average volume of 451,809. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.23 and a current ratio of 1.55. The stock has a market capitalization of $11,860.00, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 2.34 and a beta of 1.11. Autoliv has a one year low of $96.08 and a one year high of $137.36.

Autoliv (NYSE:ALV) last posted its earnings results on Thursday, October 26th. The auto parts company reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.14. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.50 billion. Autoliv had a return on equity of 13.42% and a net margin of 4.96%. Autoliv’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 earnings per share. equities analysts anticipate that Autoliv will post 6.27 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 22nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $2.40 annualized dividend and a yield of 1.76%. Autoliv’s payout ratio is currently 41.38%.

In related news, insider Johan Lofvenholm sold 3,965 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $128.00, for a total value of $507,520.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank increased its stake in Autoliv by 11.7% in the second quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock valued at $119,000 after purchasing an additional 114 shares during the last quarter. Victory Capital Management Inc. increased its stake in Autoliv by 43.9% during the second quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock worth $149,000 after acquiring an additional 414 shares during the last quarter. Teachers Advisors LLC increased its stake in Autoliv by 288.3% during the second quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after acquiring an additional 1,058 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Autoliv by 9.8% during the second quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock worth $210,000 after acquiring an additional 171 shares during the last quarter. Finally, ARP Americas LLC acquired a new stake in Autoliv during the third quarter worth about $235,000. Hedge funds and other institutional investors own 33.43% of the company’s stock.

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Autoliv Company Profile

Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.

Analyst Recommendations for Autoliv (NYSE:ALV)

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