Autoliv (NYSE:ALV) Upgraded to Hold by Deutsche Bank

Deutsche Bank upgraded shares of Autoliv (NYSE:ALV) from a sell rating to a hold rating in a research report report published on Friday morning, BenzingaRatingsTable reports. They currently have $78.00 target price on the auto parts company’s stock, up from their prior target price of $58.00.

Several other research firms have also issued reports on ALV. Buckingham Research lowered their price target on shares of Autoliv from $70.00 to $62.00 and set a neutral rating on the stock in a research report on Monday, July 15th. Mizuho reissued a hold rating and issued a $80.00 price target on shares of Autoliv in a research report on Monday, July 22nd. JPMorgan Chase & Co. lowered their price target on shares of Autoliv from $75.00 to $70.00 and set a neutral rating on the stock in a research report on Monday, July 22nd. Barclays set a $50.00 price target on shares of Autoliv and gave the company a sell rating in a research report on Friday, July 19th. Finally, Robert W. Baird raised shares of Autoliv from an underperform rating to a neutral rating and set a $74.00 price target on the stock in a research report on Monday, July 15th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. Autoliv currently has an average rating of Hold and an average target price of $79.71.

Shares of NYSE ALV traded up $1.34 during midday trading on Friday, hitting $76.80. The company’s stock had a trading volume of 861,090 shares, compared to its average volume of 624,069. The stock has a fifty day moving average price of $72.69 and a 200 day moving average price of $72.40. Autoliv has a one year low of $61.07 and a one year high of $91.00. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 1.65 and a beta of 1.50.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, July 19th. The auto parts company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.01. Autoliv had a net margin of 2.89% and a return on equity of 23.49%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the previous year, the firm posted $2.22 earnings per share. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. On average, equities research analysts predict that Autoliv will post 5.92 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Tuesday, November 19th. Autoliv’s dividend payout ratio (DPR) is presently 36.31%.

A number of institutional investors have recently bought and sold shares of ALV. Comerica Bank increased its holdings in Autoliv by 3.8% during the 1st quarter. Comerica Bank now owns 5,473 shares of the auto parts company’s stock worth $439,000 after acquiring an additional 201 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Autoliv by 41.2% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 22,441 shares of the auto parts company’s stock worth $1,650,000 after acquiring an additional 6,550 shares during the period. Swiss National Bank increased its holdings in Autoliv by 2.6% during the 1st quarter. Swiss National Bank now owns 290,261 shares of the auto parts company’s stock worth $21,343,000 after acquiring an additional 7,300 shares during the period. AlphaCrest Capital Management LLC increased its holdings in Autoliv by 130.2% during the 1st quarter. AlphaCrest Capital Management LLC now owns 9,389 shares of the auto parts company’s stock worth $690,000 after acquiring an additional 5,311 shares during the period. Finally, FIL Ltd increased its holdings in Autoliv by 495.5% during the 1st quarter. FIL Ltd now owns 1,070,843 shares of the auto parts company’s stock worth $78,738,000 after acquiring an additional 891,035 shares during the period. 37.79% of the stock is currently owned by institutional investors and hedge funds.

About Autoliv

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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