KeyCorp reissued their buy rating on shares of Autoliv, Inc. (NYSE:ALV) in a research report released on Monday. They currently have a $146.00 target price on the auto parts company’s stock, up from their prior target price of $136.00. KeyCorp also issued estimates for Autoliv’s Q4 2017 earnings at $1.77 EPS, FY2017 earnings at $6.31 EPS, Q1 2018 earnings at $1.95 EPS, Q2 2018 earnings at $1.84 EPS, Q3 2018 earnings at $1.74 EPS, Q4 2018 earnings at $1.88 EPS, FY2018 earnings at $7.41 EPS and FY2019 earnings at $8.56 EPS.
ALV has been the topic of a number of other reports. Royal Bank Of Canada restated a hold rating and issued a $100.00 price objective on shares of Autoliv in a report on Tuesday, August 29th. Mizuho upgraded Autoliv from a neutral rating to a buy rating and raised their price objective for the stock from $108.00 to $130.00 in a report on Monday, July 17th. Pareto Securities upgraded Autoliv from a hold rating to a buy rating in a report on Friday, October 27th. Evercore ISI restated an underperform rating and issued a $100.00 price objective (up from $85.00) on shares of Autoliv in a report on Monday, September 18th. Finally, Buckingham Research upgraded Autoliv from an underperform rating to a neutral rating and raised their price objective for the stock from $87.00 to $114.00 in a report on Friday, September 15th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. Autoliv has an average rating of Hold and an average price target of $113.95.
Shares of Autoliv (NYSE:ALV) traded down $0.46 on Monday, reaching $125.21. 322,622 shares of the company traded hands, compared to its average volume of 501,473. The stock has a market cap of $10,890.00, a price-to-earnings ratio of 20.04, a P/E/G ratio of 2.45 and a beta of 1.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.23 and a current ratio of 1.55. Autoliv has a 12-month low of $93.31 and a 12-month high of $127.75.
Autoliv (NYSE:ALV) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.14. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.50 billion. Autoliv had a return on equity of 13.42% and a net margin of 4.96%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business posted $1.63 EPS. research analysts anticipate that Autoliv will post 6.25 earnings per share for the current year.
The firm 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 dividend of $0.60 per share. The ex-dividend date is Tuesday, November 21st. This represents a $2.40 dividend on an annualized basis and a yield of 1.92%. Autoliv’s dividend payout ratio (DPR) is presently 41.38%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers grew its stake in Autoliv by 31.2% during the 3rd quarter. Rhumbline Advisers now owns 18,412 shares of the auto parts company’s stock valued at $2,276,000 after purchasing an additional 4,382 shares in the last quarter. Toronto Dominion Bank grew its stake in Autoliv by 243.8% during the 3rd quarter. Toronto Dominion Bank now owns 3,730 shares of the auto parts company’s stock valued at $461,000 after purchasing an additional 2,645 shares in the last quarter. Sei Investments Co. grew its position in shares of Autoliv by 28,136.2% in the 3rd quarter. Sei Investments Co. now owns 13,271 shares of the auto parts company’s stock worth $1,990,000 after acquiring an additional 13,224 shares in the last quarter. Global X MANAGEMENT CO LLC grew its position in shares of Autoliv by 16.8% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 2,942 shares of the auto parts company’s stock worth $364,000 after acquiring an additional 423 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. grew its position in shares of Autoliv by 14.4% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 6,321 shares of the auto parts company’s stock worth $781,000 after acquiring an additional 795 shares in the last quarter. Hedge funds and other institutional investors own 32.72% of the company’s stock.
Autoliv Company Profile
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.
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