ValuEngine upgraded shares of Autoliv, Inc. (NYSE:ALV) from a hold rating to a buy rating in a research report report published on Friday morning.
Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets reissued an outperform rating and issued a $121.00 price target on shares of Autoliv in a research note on Wednesday, July 26th. Piper Jaffray Companies reissued a hold rating and issued a $99.00 price target on shares of Autoliv in a research note on Wednesday, July 26th. Royal Bank Of Canada decreased their price target on Autoliv from $100.00 to $98.00 and set a sector perform rating for the company in a research note on Monday, July 24th. Deutsche Bank AG reissued a hold rating and issued a $120.00 price target (up previously from $101.00) on shares of Autoliv in a research note on Thursday, September 14th. Finally, Morgan Stanley raised Autoliv from an equal weight rating to an overweight rating and set a $120.00 price target for the company in a research note on Wednesday, May 24th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. Autoliv currently has an average rating of Hold and a consensus price target of $110.60.
Autoliv (NYSE ALV) opened at 122.21 on Friday. The firm has a market capitalization of $10.62 billion, a price-to-earnings ratio of 19.31 and a beta of 1.12. The stock’s 50 day moving average price is $109.60 and its 200 day moving average price is $107.02. Autoliv has a 52-week low of $93.31 and a 52-week high of $127.72.
Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.04). The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.75 EPS. On average, equities analysts anticipate that Autoliv will post $6.23 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be paid a $0.60 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $2.40 dividend on an annualized basis and a yield of 1.96%. Autoliv’s dividend payout ratio (DPR) is presently 37.97%.
In other Autoliv news, VP Thomas Jonsson sold 1,240 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $108.55, for a total value of $134,602.00. Following the completion of the sale, the vice president now owns 2,311 shares of the company’s stock, valued at $250,859.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.25% of the company’s stock.
A number of institutional investors have recently made changes to their positions in ALV. Toronto Dominion Bank grew its stake in Autoliv by 26.9% in the first quarter. Toronto Dominion Bank now owns 971 shares of the auto parts company’s stock valued at $100,000 after acquiring an additional 206 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Autoliv by 43.9% in the second quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock valued at $149,000 after purchasing an additional 414 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Autoliv by 288.3% in the second quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock valued at $156,000 after purchasing an additional 1,058 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Autoliv by 3.2% in the first quarter. Pacer Advisors Inc. now owns 1,799 shares of the auto parts company’s stock valued at $184,000 after purchasing an additional 55 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its holdings in shares of Autoliv by 34.8% in the first quarter. IHT Wealth Management LLC now owns 1,937 shares of the auto parts company’s stock valued at $188,000 after purchasing an additional 500 shares in the last quarter. 32.76% of the stock is owned by hedge funds and other institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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