Autoliv (NYSE:ALV) Board of Directors Initiates Stock Buyback Plan

Autoliv (NYSE:ALV - Get Free Report) declared that its board has initiated a stock repurchase plan on Wednesday, June 4th, RTT News reports. The company plans to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the auto parts company to repurchase up to 31.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ALV. Wells Fargo & Company lifted their price objective on Autoliv from $82.00 to $100.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Hsbc Global Res cut Autoliv from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. BNP Paribas Exane raised shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 price target for the company in a research report on Friday, May 9th. Robert W. Baird lowered their price objective on shares of Autoliv from $105.00 to $90.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Finally, Wall Street Zen upgraded shares of Autoliv from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Six analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $114.00.

Autoliv Price Performance

Shares of ALV stock traded up $0.81 during mid-day trading on Wednesday, hitting $103.49. The company had a trading volume of 1,207,182 shares, compared to its average volume of 818,671. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71. The company has a market capitalization of $8.00 billion, a P/E ratio of 12.82, a P/E/G ratio of 0.73 and a beta of 1.36. The stock's 50 day moving average price is $92.83 and its 200-day moving average price is $94.72. Autoliv has a 52-week low of $75.49 and a 52-week high of $121.44.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.72 by $0.43. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.50 billion. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. During the same quarter in the previous year, the company posted $1.58 EPS. Equities research analysts forecast that Autoliv will post 9.51 earnings per share for the current year.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be given a dividend of $0.85 per share. This is an increase from Autoliv's previous quarterly dividend of $0.70. This represents a $3.40 dividend on an annualized basis and a yield of 3.29%. Autoliv's dividend payout ratio is 32.22%.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.

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