Mizuho Issues Pessimistic Forecast for Autoliv (NYSE:ALV) Stock Price

Autoliv (NYSE:ALV) had its price objective reduced by Mizuho from $115.00 to $112.00 in a report released on Monday morning,Benzinga reports. Mizuho currently has an outperform rating on the auto parts company’s stock.

A number of other brokerages also recently issued reports on ALV. Daiwa Capital Markets upgraded Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price target for the company in a research report on Tuesday, January 7th. StockNews.com upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Daiwa America upgraded shares of Autoliv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Barclays decreased their price objective on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Finally, Robert W. Baird upped their target price on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $117.23.

Autoliv Stock Up 0.2 %

Shares of NYSE ALV opened at $94.44 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. Autoliv has a 12-month low of $89.51 and a 12-month high of $129.38. The firm’s 50-day moving average price is $96.30 and its 200-day moving average price is $96.73. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 0.72 and a beta of 1.58.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. On average, equities research analysts anticipate that Autoliv will post 10.05 EPS for the current fiscal year.

Autoliv Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.70 per share. This is an increase from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.96%. Autoliv’s dividend payout ratio is presently 34.70%.

Institutional Trading of Autoliv

Several institutional investors and hedge funds have recently made changes to their positions in ALV. FMR LLC increased its position in Autoliv by 6.1% during the 3rd quarter. FMR LLC now owns 6,504,605 shares of the auto parts company’s stock valued at $607,335,000 after purchasing an additional 376,665 shares during the period. Swedbank AB increased its holdings in Autoliv by 8.7% during the third quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock valued at $239,707,000 after buying an additional 205,241 shares during the period. Geode Capital Management LLC increased its holdings in Autoliv by 10.8% during the third quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock valued at $92,221,000 after buying an additional 95,888 shares during the period. Wellington Management Group LLP raised its stake in Autoliv by 21.2% in the third quarter. Wellington Management Group LLP now owns 910,437 shares of the auto parts company’s stock worth $85,008,000 after buying an additional 159,067 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Autoliv by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 487,629 shares of the auto parts company’s stock worth $45,530,000 after buying an additional 4,060 shares during the period. 69.57% of the stock is currently owned by institutional investors.

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.