Autoliv (NYSE:ALV) Stock Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• Autoliv shares crossed above their 50-day moving average, trading as high as $122.92 and most recently at $121.27. The stock’s 50-day average was $121.60, compared with a 200-day average of $117.85.
• Analysts maintain a generally positive view, with seven Buy ratings and six Holds, producing a “Moderate Buy” consensus and an average price target of $135.20 versus the recent share price.
• Autoliv reported quarterly revenue of $2.80 billion, ahead of estimates, though EPS of $2.43 slightly missed expectations. The company also declared a quarterly dividend of $0.87 per share, equivalent to a 2.9% annualized yield.

Shares of Autoliv, Inc. (NYSE:ALV - Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $121.60 and traded as high as $122.92. Autoliv shares last traded at $121.27, with a volume of 445,025 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ALV shares. Royal Bank Of Canada decreased their price target on shares of Autoliv from $148.00 to $147.00 and set an "outperform" rating for the company in a report on Monday, July 20th. UBS Group increased their target price on Autoliv from $110.00 to $122.00 and gave the company a "neutral" rating in a research note on Monday, June 15th. Weiss Ratings downgraded Autoliv from a "buy (b)" rating to a "buy (b-)" rating in a research report on Monday, July 20th. Wall Street Zen cut Autoliv from a "buy" rating to a "hold" rating in a research report on Saturday, July 4th. Finally, Wells Fargo & Company raised their price objective on shares of Autoliv from $116.00 to $122.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 25th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $135.20.

Autoliv Trading Up 0.1%

The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. The company has a market cap of $8.88 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.97 and a beta of 1.36. The business has a 50-day moving average price of $121.60 and a two-hundred day moving average price of $117.85.

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

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.9%. Autoliv's payout ratio is 40.99%.

Hedge Funds Weigh In On Autoliv

Several institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc grew its position in shares of Autoliv by 110.3% in the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company's stock valued at $25,000 after purchasing an additional 107 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Autoliv by 863.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company's stock worth $25,000 after acquiring an additional 190 shares during the period. Quarry LP bought a new stake in Autoliv in the 3rd quarter valued at $36,000. Johnson Financial Group Inc. bought a new stake in Autoliv in the 3rd quarter valued at $37,000. Finally, Allworth Financial LP boosted its stake in Autoliv by 298.8% in the 4th quarter. Allworth Financial LP now owns 327 shares of the auto parts company's stock worth $39,000 after purchasing an additional 245 shares during the period. Institutional investors and hedge funds own 69.57% of the company's stock.

About Autoliv

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.