Autoliv, Inc. (NYSE:ALV) Receives $126.46 Average Target Price from Brokerages

Shares of Autoliv, Inc. (NYSE:ALV) have been given an average recommendation of “Moderate Buy” by the sixteen research firms that are covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $125.46.

A number of research firms recently commented on ALV. Wells Fargo & Company lowered their price target on Autoliv from $122.00 to $103.00 and set an “equal weight” rating on the stock in a report on Monday, July 22nd. Bank of America decreased their price objective on Autoliv from $145.00 to $133.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. BNP Paribas started coverage on Autoliv in a report on Tuesday, June 18th. They set a “neutral” rating on the stock. StockNews.com cut Autoliv from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 13th. Finally, Wolfe Research started coverage on Autoliv in a report on Thursday. They set an “outperform” rating and a $120.00 price objective on the stock.

Hedge Funds Weigh In On Autoliv

Several hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC bought a new position in Autoliv in the 2nd quarter valued at $402,000. Dana Investment Advisors Inc. grew its position in Autoliv by 6.2% in the 2nd quarter. Dana Investment Advisors Inc. now owns 73,481 shares of the auto parts company’s stock valued at $7,862,000 after acquiring an additional 4,319 shares during the last quarter. Truist Financial Corp grew its position in Autoliv by 13.8% in the 2nd quarter. Truist Financial Corp now owns 3,133 shares of the auto parts company’s stock valued at $335,000 after acquiring an additional 380 shares during the last quarter. Quarry LP lifted its holdings in shares of Autoliv by 133.5% in the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after buying an additional 207 shares during the period. Finally, Algert Global LLC lifted its holdings in shares of Autoliv by 5.7% in the 2nd quarter. Algert Global LLC now owns 57,219 shares of the auto parts company’s stock worth $6,122,000 after buying an additional 3,086 shares during the period. Institutional investors own 69.57% of the company’s stock.

Autoliv Stock Down 3.1 %

ALV stock opened at $96.03 on Monday. Autoliv has a twelve month low of $89.37 and a twelve month high of $129.38. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. The stock has a market cap of $7.81 billion, a P/E ratio of 14.98, a PEG ratio of 0.84 and a beta of 1.61. The business’s 50-day moving average price is $101.51 and its 200-day moving average price is $112.66.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, July 19th. The auto parts company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Autoliv had a return on equity of 30.05% and a net margin of 5.91%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the firm posted $1.93 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities research analysts forecast that Autoliv will post 9.05 EPS for the current year.

Autoliv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.83%. The ex-dividend date is Wednesday, September 4th. Autoliv’s dividend payout ratio (DPR) is presently 42.43%.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.