Autoliv (ALV) Given New $142.00 Price Target at Royal Bank of Canada
Autoliv (NYSE:ALV) had its price objective boosted by Royal Bank of Canada to $142.00 in a research note published on Wednesday morning, The Fly reports. They currently have a sector perform rating on the auto parts company’s stock.
A number of other analysts have also recently commented on the company. Zacks Investment Research upgraded Autoliv from a hold rating to a buy rating and set a $140.00 price objective for the company in a research report on Wednesday, November 1st. Guggenheim restated a hold rating and issued a $135.00 price objective on shares of Autoliv in a research report on Wednesday, January 10th. Jefferies Group set a $145.00 price objective on Autoliv and gave the company a buy rating in a research report on Thursday, October 26th. Piper Jaffray Companies set a $124.00 price objective on Autoliv and gave the company a hold rating in a research report on Friday, December 8th. Finally, ValuEngine upgraded Autoliv from a hold rating to a buy rating in a research report on Sunday, December 31st. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Autoliv currently has an average rating of Hold and an average price target of $122.80.
Shares of Autoliv (NYSE ALV) opened at $144.61 on Wednesday. The company has a market capitalization of $13,242.27 and a P/E ratio of 29.82. Autoliv has a 12-month low of $96.08 and a 12-month high of $152.57. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.55 and a quick ratio of 1.23.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, February 21st. Autoliv’s dividend payout ratio is presently 49.48%.
In other news, insider Johan Lofvenholm sold 3,965 shares of Autoliv stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $128.00, for a total value of $507,520.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.25% of the company’s stock.
Several large investors have recently modified their holdings of the company. CIBC Asset Management Inc boosted its stake in shares of Autoliv by 8.1% in the fourth quarter. CIBC Asset Management Inc now owns 4,728 shares of the auto parts company’s stock worth $601,000 after acquiring an additional 355 shares during the last quarter. Aperio Group LLC boosted its stake in Autoliv by 8.3% during the fourth quarter. Aperio Group LLC now owns 14,793 shares of the auto parts company’s stock worth $1,880,000 after buying an additional 1,131 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Autoliv by 25.0% during the fourth quarter. Victory Capital Management Inc. now owns 2,058 shares of the auto parts company’s stock worth $262,000 after buying an additional 412 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Autoliv by 7.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,108 shares of the auto parts company’s stock worth $2,047,000 after buying an additional 1,142 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new position in Autoliv during the fourth quarter worth $502,000. 33.56% of the stock is currently owned by hedge funds and other institutional investors.
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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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