BMO Capital Markets Raises Autoliv (ALV) Price Target to $175.00
Autoliv (NYSE:ALV) had its price objective increased by BMO Capital Markets from $152.00 to $175.00 in a report released on Monday morning, MarketBeat Ratings reports. They currently have an outperform rating on the auto parts company’s stock.
Several other equities analysts have also weighed in on ALV. Piper Jaffray Companies set a $99.00 target price on shares of Autoliv and gave the company a hold rating in a report on Monday, October 16th. Zacks Investment Research raised shares of Autoliv from a hold rating to a buy rating and set a $142.00 target price for the company in a report on Tuesday, October 17th. Jefferies Group set a $145.00 target price on shares of Autoliv and gave the company a buy rating in a report on Thursday, October 26th. Pareto Securities raised shares of Autoliv from a hold rating to a buy rating in a report on Friday, October 27th. Finally, KeyCorp reaffirmed a buy rating and set a $146.00 target price (up from $136.00) on shares of Autoliv in a report on Monday, November 6th. 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’s stock. The company presently has a consensus rating of Hold and an average target price of $125.25.
Shares of Autoliv (NYSE:ALV) opened at $141.74 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.23 and a current ratio of 1.55. The company has a market cap of $12,226.11, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 2.08 and a beta of 1.32. Autoliv has a 12 month low of $96.08 and a 12 month high of $152.57.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 22nd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, February 21st. Autoliv’s payout ratio is presently 49.48%.
In related news, insider Johan Lofvenholm sold 3,965 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of ALV. Toronto Dominion Bank increased its holdings in Autoliv by 11.7% in the 2nd quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock worth $119,000 after acquiring an additional 114 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Autoliv in the 4th quarter worth $152,000. Teachers Advisors LLC boosted its stake in Autoliv by 288.3% during the 2nd quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after purchasing an additional 1,058 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Autoliv by 9.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock worth $210,000 after purchasing an additional 171 shares during the last quarter. Finally, ARP Americas LLC acquired a new stake in Autoliv during the 3rd quarter worth $235,000. 33.49% of the stock is owned by institutional investors.
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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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