Autoliv, Inc. (NYSE:ALV) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analyst sentiment is moderately positive: Of 12 firms covering Autoliv, six rate it a buy and six a hold; the average 12-month price target is $134.92.
• Latest quarterly results fell short of expectations: Autoliv reported EPS of $2.19 versus estimates of $2.23 and revenue of $2.69 billion versus forecasts of $2.73 billion; revenue declined 0.5% year over year.
• Autoliv declared a quarterly dividend of $0.87 per share, equivalent to $3.48 annually and a 2.9% yield.

Shares of Autoliv, Inc. (NYSE:ALV - Get Free Report) have received a consensus rating of "Moderate Buy" from the twelve research firms that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $134.92.

Several brokerages have recently weighed in on ALV. Jefferies Financial Group reduced their price target on Autoliv from $134.00 to $119.00 and set a "hold" rating for the company in a report on Tuesday, September 22nd. TD Cowen downgraded shares of Autoliv from a "buy" rating to a "hold" rating and cut their price objective for the company from $148.00 to $137.00 in a research report on Tuesday, September 8th. Weiss Ratings downgraded shares of Autoliv from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, October 23rd. Royal Bank Of Canada reduced their price objective on shares of Autoliv from $147.00 to $146.00 and set an "outperform" rating for the company in a research note on Monday, October 12th. Finally, Wolfe Research cut shares of Autoliv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, September 23rd.

Hedge Funds Weigh In On Autoliv

Hedge funds have recently added to or reduced their stakes in the company. Reyes Financial Architecture Inc. purchased a new stake in Autoliv during the 3rd quarter valued at $32,000. Root Financial Partners LLC bought a new stake in shares of Autoliv in the 3rd quarter worth $39,000. Global Retirement Partners LLC purchased a new position in shares of Autoliv in the second quarter worth $60,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Autoliv in the second quarter worth $62,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Autoliv during the second quarter valued at $69,000. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Stock Performance

NYSE ALV opened at $120.86 on Wednesday. The company has a 50-day simple moving average of $117.14 and a two-hundred day simple moving average of $118.24. Autoliv has a 12-month low of $99.16 and a 12-month high of $132.17. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 1.04 and a beta of 1.36. The company has a quick ratio of 0.76, a current ratio of 1.02 and a debt-to-equity ratio of 0.68.

Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings results on Friday, October 23rd. The auto parts company reported $2.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.04). Autoliv had a net margin of 5.62% and a return on equity of 28.89%. The business had revenue of $2.69 billion for the quarter, compared to analysts' expectations of $2.73 billion. During the same quarter in the prior year, the firm earned $2.32 EPS. The firm's revenue for the quarter was down .5% on a year-over-year basis. On average, equities analysts forecast that Autoliv will post 9.98 EPS for the current year.

Autoliv Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Friday, November 20th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $3.48 annualized dividend and a dividend yield of 2.9%. Autoliv's dividend payout ratio (DPR) is 41.73%.

Autoliv Company Profile

Autoliv, Inc. develops and manufactures automotive safety systems and components for vehicle manufacturers around the world. Its products include airbags, seatbelts, steering wheels, inflators and related restraint-system components designed to help protect vehicle occupants in a crash. The company also develops safety solutions such as pedestrian-protection systems and works on technologies intended to improve vehicle safety. Its products are supplied to automakers across global markets, with manufacturing and engineering operations in multiple countries.

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