Morgan Stanley restated their overweight rating on shares of Autoliv (NYSE:ALV) in a research note published on Wednesday morning. The brokerage currently has a $180.00 price objective on the auto parts company’s stock.
A number of other equities analysts have also weighed in on the stock. Mizuho reiterated a buy rating and set a $160.00 target price on shares of Autoliv in a research report on Tuesday. Wells Fargo & Co reiterated a buy rating and set a $176.00 target price on shares of Autoliv in a research report on Sunday. BMO Capital Markets increased their target price on shares of Autoliv from $175.00 to $180.00 and gave the stock an outperform rating in a research report on Monday, June 11th. Longbow Research set a $168.00 target price on shares of Autoliv and gave the stock a buy rating in a research report on Friday, June 1st. Finally, Citigroup cut their target price on shares of Autoliv to $154.00 and set a neutral rating for the company in a research report on Tuesday, May 8th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. Autoliv presently has a consensus rating of Hold and an average target price of $142.20.
Autoliv opened at $145.64 on Wednesday, Marketbeat Ratings reports. The company has a quick ratio of 1.24, a current ratio of 1.55 and a debt-to-equity ratio of 0.31. The stock has a market cap of $12.76 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 1.54 and a beta of 1.30. Autoliv has a 1 year low of $104.56 and a 1 year high of $160.23.
Autoliv (NYSE:ALV) last issued its earnings results on Friday, April 27th. The auto parts company reported $1.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.15). The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.80 billion. Autoliv had a return on equity of 13.63% and a net margin of 3.87%. Autoliv’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.65 EPS. research analysts forecast that Autoliv will post 7.19 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 6th. Investors of record on Wednesday, August 22nd will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Tuesday, August 21st. Autoliv’s dividend payout ratio is currently 37.69%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Autoliv by 34.0% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,700 shares of the auto parts company’s stock valued at $851,000 after purchasing an additional 1,700 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in Autoliv in the fourth quarter valued at approximately $4,182,000. BlackRock Inc. raised its stake in Autoliv by 2.0% in the fourth quarter. BlackRock Inc. now owns 2,672,695 shares of the auto parts company’s stock valued at $339,646,000 after purchasing an additional 52,160 shares in the last quarter. Deutsche Bank AG raised its stake in Autoliv by 14.0% in the fourth quarter. Deutsche Bank AG now owns 142,195 shares of the auto parts company’s stock valued at $18,068,000 after purchasing an additional 17,436 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Autoliv by 25.0% in the fourth quarter. Victory Capital Management Inc. now owns 2,058 shares of the auto parts company’s stock valued at $262,000 after purchasing an additional 412 shares in the last quarter. 39.64% of the stock is currently owned by institutional investors and hedge funds.
Autoliv Company Profile
Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.
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