Autoliv Inc. (NYSE:ALV) Receives Average Rating of “Hold” from Analysts

Shares of Autoliv Inc. (NYSE:ALV) have been assigned a consensus rating of “Hold” from the twenty-seven research firms that are presently covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $87.02.

A number of analysts recently commented on ALV shares. Nordea Equity Research downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Citigroup reduced their price target on shares of Autoliv from $86.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, March 8th. Royal Bank of Canada downgraded shares of Autoliv from a “sector perform” rating to an “underperform” rating and reduced their price target for the company from $74.00 to $70.00 in a report on Friday, April 5th. Longbow Research reaffirmed a “hold” rating on shares of Autoliv in a report on Wednesday, March 6th. Finally, Barclays reaffirmed a “sell” rating and issued a $57.00 price target on shares of Autoliv in a report on Sunday, March 31st.

ALV stock traded up $1.45 during trading on Friday, reaching $69.02. 21,526 shares of the company were exchanged, compared to its average volume of 747,937. The stock has a market cap of $5.90 billion, a P/E ratio of 10.05, a P/E/G ratio of 1.30 and a beta of 1.47. Autoliv has a 52-week low of $61.07 and a 52-week high of $107.36. The firm’s 50 day moving average is $67.59. The company has a current ratio of 1.14, a quick ratio of 0.87 and a debt-to-equity ratio of 0.81.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, April 26th. The auto parts company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.37). The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Autoliv had a return on equity of 27.29% and a net margin of 2.03%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.66 EPS. Equities analysts expect that Autoliv will post 6.69 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Wednesday, August 21st will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Tuesday, August 20th. Autoliv’s payout ratio is 36.31%.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Autoliv by 3.6% during the fourth quarter. BlackRock Inc. now owns 3,100,526 shares of the auto parts company’s stock valued at $217,751,000 after buying an additional 106,503 shares during the period. FMR LLC lifted its stake in shares of Autoliv by 13.5% during the first quarter. FMR LLC now owns 2,237,425 shares of the auto parts company’s stock valued at $164,518,000 after buying an additional 266,418 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Autoliv by 13.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,129,802 shares of the auto parts company’s stock valued at $79,351,000 after buying an additional 138,176 shares during the period. FIL Ltd lifted its stake in shares of Autoliv by 495.5% during the first quarter. FIL Ltd now owns 1,070,843 shares of the auto parts company’s stock valued at $78,738,000 after buying an additional 891,035 shares during the period. Finally, Lancaster Investment Management LLP lifted its stake in shares of Autoliv by 28.0% during the first quarter. Lancaster Investment Management LLP now owns 776,912 shares of the auto parts company’s stock valued at $57,126,000 after buying an additional 169,771 shares during the period. 35.97% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Company Profile

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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