Autoliv (ALV) Receives New Coverage from Analysts at Longbow Research
Longbow Research initiated coverage on shares of Autoliv (NYSE:ALV) in a report released on Friday morning. The firm issued a buy rating and a $155.00 price objective on the auto parts company’s stock.
A number of other research firms have also recently commented on ALV. ValuEngine upgraded shares of Autoliv from a hold rating to a buy rating in a report on Sunday, December 31st. Mizuho restated a buy rating and issued a $140.00 price target on shares of Autoliv in a report on Monday, December 11th. Piper Jaffray Companies set a $124.00 price target on shares of Autoliv and gave the stock a hold rating in a report on Friday, December 8th. KeyCorp restated a buy rating and issued a $146.00 price target (up from $136.00) on shares of Autoliv in a report on Monday, November 6th. Finally, Zacks Investment Research upgraded shares of Autoliv from a hold rating to a buy rating and set a $140.00 price target on the stock in a report on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. Autoliv has an average rating of Hold and a consensus target price of $112.60.
Autoliv (NYSE:ALV) opened at $133.42 on Friday. 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 1 year low of $96.08 and a 1 year high of $133.85. The firm has a market cap of $11,371.73, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of 2.25 and a beta of 1.11.
Autoliv (NYSE:ALV) last posted its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.14. Autoliv had a net margin of 4.96% and a return on equity of 13.42%. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the business posted $1.63 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. equities research analysts expect that Autoliv will post 6.28 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.80%. The ex-dividend date is Wednesday, February 21st. Autoliv’s payout ratio is 41.38%.
In other Autoliv news, insider Johan Lofvenholm sold 3,965 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $128.00, for a total transaction of $507,520.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.25% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the business. FMR LLC lifted its position in shares of Autoliv by 7.3% during the second quarter. FMR LLC now owns 1,821,095 shares of the auto parts company’s stock valued at $199,956,000 after buying an additional 123,781 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Autoliv by 1.8% during the second quarter. Vanguard Group Inc. now owns 1,400,499 shares of the auto parts company’s stock valued at $153,774,000 after buying an additional 24,364 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Autoliv by 6.4% during the third quarter. Dimensional Fund Advisors LP now owns 865,594 shares of the auto parts company’s stock valued at $106,986,000 after buying an additional 52,231 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Autoliv by 0.6% during the third quarter. Ameriprise Financial Inc. now owns 729,878 shares of the auto parts company’s stock valued at $90,212,000 after buying an additional 4,207 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Autoliv by 5.8% during the third quarter. Legal & General Group Plc now owns 432,082 shares of the auto parts company’s stock valued at $53,403,000 after buying an additional 23,551 shares during the last quarter. Institutional investors own 33.51% of the company’s stock.
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.
Receive News & Ratings for Autoliv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autoliv and related companies with Analyst Ratings Network's FREE daily email newsletter.