Autoliv, Inc. (NYSE:ALV) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts give Autoliv a “Moderate Buy” consensus: Seven of 13 brokers rate the stock a buy, while six recommend holding it. The average 12-month price target is $135.20, above the reported share price of $117.81.
• Quarterly results were mixed: Autoliv reported revenue of $2.80 billion, beating expectations and rising 3.3% year over year, but earnings per share of $2.43 fell slightly short of the $2.46 consensus estimate.
• Shareholders received a quarterly dividend of $0.87: The annualized dividend is $3.48 per share, representing a 3.0% yield and a 40.99% payout ratio. Institutional investors own approximately 69.57% of the company.

Shares of Autoliv, Inc. (NYSE:ALV - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the thirteen brokerages that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $135.20.

A number of research analysts have weighed in on ALV shares. Weiss Ratings lowered Autoliv from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, July 20th. Jefferies Financial Group raised Autoliv to a "hold" rating in a report on Monday, June 15th. Royal Bank Of Canada dropped their target price on Autoliv from $148.00 to $147.00 and set an "outperform" rating for the company in a research report on Monday, July 20th. Wells Fargo & Company increased their price target on shares of Autoliv from $116.00 to $122.00 and gave the company an "equal weight" rating in a research report on Thursday, June 25th. Finally, TD Cowen lowered shares of Autoliv from a "buy" rating to a "hold" rating and reduced their target price for the company from $148.00 to $137.00 in a report on Tuesday, September 8th.

Autoliv Stock Performance

NYSE ALV opened at $117.81 on Tuesday. The company has a market capitalization of $8.63 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 0.93 and a beta of 1.36. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.03. Autoliv has a 52-week low of $99.16 and a 52-week high of $132.17. The company has a 50-day simple moving average of $121.31 and a 200 day simple moving average of $117.75.

Autoliv (NYSE:ALV - Get Free Report) last released its earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing analysts' consensus estimates of $2.46 by ($0.03). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The company had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.77 billion. During the same quarter in the previous year, the firm earned $2.21 earnings per share. The firm's revenue was up 3.3% compared to the same quarter last year. On average, research analysts predict that Autoliv will post 10.04 EPS for the current year.

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, August 28th. Autoliv's dividend payout ratio (DPR) is 40.99%.

Hedge Funds Weigh In On Autoliv

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC grew its holdings in shares of Autoliv by 16.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,333 shares of the auto parts company's stock worth $503,000 after acquiring an additional 600 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Autoliv in the 2nd quarter valued at approximately $69,000. NewEdge Advisors LLC lifted its stake in shares of Autoliv by 34.0% in the 2nd quarter. NewEdge Advisors LLC now owns 24,842 shares of the auto parts company's stock valued at $2,886,000 after purchasing an additional 6,298 shares during the period. Baird Financial Group Inc. boosted its position in shares of Autoliv by 2.6% during the second quarter. Baird Financial Group Inc. now owns 15,664 shares of the auto parts company's stock valued at $1,820,000 after purchasing an additional 390 shares in the last quarter. Finally, Allworth Financial LP boosted its position in shares of Autoliv by 60.5% during the second quarter. Allworth Financial LP now owns 1,043 shares of the auto parts company's stock valued at $121,000 after purchasing an additional 393 shares in the last quarter. Institutional investors own 69.57% of the company's stock.

Autoliv Company Profile

Autoliv, Inc is a global supplier of automotive safety systems. The company develops and manufactures products designed to help protect vehicle occupants and other road users, including airbags, seat belts, steering wheels, restraint systems and pedestrian-protection solutions.

Autoliv supplies automotive manufacturers and operates across major vehicle-producing regions, including Europe, the Americas and Asia. Its products are incorporated into vehicles produced by automakers worldwide, and the company works with vehicle manufacturers to develop safety systems for passenger cars and other vehicles.

The company's roots trace to Sweden in 1953, and it has grown into an international automotive-safety business through organic development and acquisitions.

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