Autoliv (NYSE:ALV) Raised to Sell at ValuEngine

ValuEngine upgraded shares of Autoliv (NYSE:ALV) from a strong sell rating to a sell rating in a research report report published on Thursday, ValuEngine reports.

Several other equities research analysts have also recently weighed in on ALV. Robert W. Baird upgraded Autoliv from an underperform rating to a neutral rating and set a $74.00 target price for the company in a research note on Monday, July 15th. Nordea Equity Research upgraded Autoliv from a hold rating to a buy rating in a research note on Monday, July 22nd. Barclays set a $50.00 target price on Autoliv and gave the stock a sell rating in a research note on Friday, July 19th. Buckingham Research decreased their target price on Autoliv from $70.00 to $62.00 and set a neutral rating for the company in a research note on Monday, July 15th. Finally, Mizuho reiterated a hold rating and issued a $80.00 price objective on shares of Autoliv in a research note on Monday, July 22nd. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. Autoliv has a consensus rating of Hold and a consensus price target of $83.49.

ALV stock traded down $0.39 during trading on Thursday, hitting $69.48. 405,642 shares of the company’s stock were exchanged, compared to its average volume of 664,174. The firm’s 50-day moving average price is $69.48. The firm has a market capitalization of $6.10 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 1.51 and a beta of 1.50. Autoliv has a 52-week low of $61.07 and a 52-week high of $99.74. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.26 and a quick ratio of 0.96.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, July 19th. The auto parts company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.01. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Autoliv had a return on equity of 23.49% and a net margin of 2.89%. The firm’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.22 earnings per share. On average, equities research analysts predict that Autoliv will post 5.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Tuesday, August 20th. Autoliv’s dividend payout ratio is currently 36.31%.

A number of hedge funds and other institutional investors have recently modified their holdings of ALV. FIL Ltd lifted its stake in Autoliv by 495.5% in the first quarter. FIL Ltd now owns 1,070,843 shares of the auto parts company’s stock valued at $78,738,000 after buying an additional 891,035 shares during the last quarter. Norges Bank purchased a new stake in shares of Autoliv during the fourth quarter worth approximately $47,801,000. Nordea Investment Management AB raised its stake in shares of Autoliv by 166.7% during the first quarter. Nordea Investment Management AB now owns 663,371 shares of the auto parts company’s stock worth $48,779,000 after purchasing an additional 414,664 shares during the last quarter. FMR LLC raised its stake in shares of Autoliv by 13.5% during the first quarter. FMR LLC now owns 2,237,425 shares of the auto parts company’s stock worth $164,518,000 after purchasing an additional 266,418 shares during the last quarter. Finally, Lancaster Investment Management LLP raised its stake in shares of Autoliv by 28.0% during the first quarter. Lancaster Investment Management LLP now owns 776,912 shares of the auto parts company’s stock worth $57,126,000 after purchasing an additional 169,771 shares during the last quarter. Institutional investors own 35.97% of the company’s stock.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including 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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Analyst Recommendations for Autoliv (NYSE:ALV)

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