Autoliv, Inc. (ALV) Given a $99.00 Price Target at Piper Jaffray Companies
Piper Jaffray Companies set a $99.00 target price on Autoliv, Inc. (NYSE:ALV) in a research note issued to investors on Monday. The brokerage currently has a hold rating on the auto parts company’s stock.
Several other research firms also recently commented on ALV. Deutsche Bank AG reaffirmed a hold rating and set a $120.00 price objective (up from $101.00) on shares of Autoliv in a research note on Thursday, September 14th. Buckingham Research reissued a sell rating and set a $87.00 target price on shares of Autoliv in a research note on Thursday, September 14th. Citigroup Inc. increased their target price on Autoliv from $105.00 to $129.00 and gave the stock a neutral rating in a research note on Friday, September 15th. Wells Fargo & Company increased their target price on Autoliv to $140.00 and gave the stock an outperform rating in a research note on Friday, September 15th. They noted that the move was a valuation call. Finally, Mizuho increased their target price on Autoliv from $130.00 to $140.00 and gave the stock a buy rating in a research note on Friday, September 15th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. Autoliv currently has a consensus rating of Hold and a consensus target price of $111.65.
Shares of Autoliv (NYSE:ALV) opened at 125.22 on Monday. The company’s 50-day moving average price is $119.44 and its 200 day moving average price is $110.07. The firm has a market capitalization of $10.88 billion, a price-to-earnings ratio of 19.78 and a beta of 1.14. Autoliv has a 12-month low of $93.31 and a 12-month high of $127.75.
Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.04). The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The firm’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.75 earnings per share. On average, equities research analysts forecast that Autoliv will post $6.23 EPS for the current fiscal year.
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The firm also recently declared 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. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Tuesday, November 21st. Autoliv’s dividend payout ratio is presently 37.97%.
In other Autoliv news, VP Thomas Jonsson sold 1,240 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $108.55, for a total transaction of $134,602.00. Following the transaction, the vice president now owns 2,311 shares of the company’s stock, valued at approximately $250,859.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.25% of the company’s stock.
Several institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of Autoliv by 2,592.0% during the 1st quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock worth $277,583,000 after purchasing an additional 2,613,635 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Autoliv by 915.3% during the 2nd quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the auto parts company’s stock worth $244,927,000 after purchasing an additional 2,010,970 shares during the period. FMR LLC lifted its stake in shares of Autoliv by 7.3% during the 2nd quarter. FMR LLC now owns 1,821,095 shares of the auto parts company’s stock worth $199,956,000 after purchasing an additional 123,781 shares during the period. Vanguard Group Inc. lifted its stake in shares of Autoliv by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,400,499 shares of the auto parts company’s stock worth $153,774,000 after purchasing an additional 24,364 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Autoliv by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 813,363 shares of the auto parts company’s stock worth $89,305,000 after purchasing an additional 85,971 shares during the period. 32.75% of the stock is currently owned by institutional investors.
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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