Goldman Sachs Group Inc. upgraded shares of Autoliv Inc. (NYSE:ALV) from a sell rating to a neutral rating in a research note published on Wednesday morning. They currently have $95.00 price objective on the stock, down from their previous price objective of $101.00.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Autoliv from a hold rating to a strong sell rating in a research report on Wednesday, July 27th. Handelsbanken cut Autoliv from a buy rating to an accumulate rating in a research report on Monday, October 10th. Robert W. Baird cut Autoliv from an outperform rating to a neutral rating and cut their price objective for the stock from $129.00 to $104.00 in a research report on Friday, October 28th. Citigroup Inc. cut their price objective on Autoliv from $121.00 to $113.00 and set a neutral rating for the company in a research report on Thursday, July 28th. Finally, Wells Fargo & Co. reissued a hold rating on shares of Autoliv in a research report on Tuesday, July 26th. Seven research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The company has an average rating of Hold and an average target price of $94.84.
Autoliv (NYSE:ALV) opened at 102.32 on Wednesday. The company’s 50-day moving average price is $98.99 and its 200-day moving average price is $108.43. Autoliv has a 52-week low of $93.31 and a 52-week high of $129.37. The firm has a market cap of $9.03 billion, a price-to-earnings ratio of 14.96 and a beta of 1.24.
Autoliv (NYSE:ALV) last announced its quarterly earnings results on Thursday, October 27th. The company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.26. Autoliv had a return on equity of 16.41% and a net margin of 6.06%. The company earned $2.46 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter in the previous year, the firm earned $1.53 earnings per share. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. Analysts predict that Autoliv will post $6.77 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 2nd. Stockholders of record on Wednesday, February 15th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Monday, February 13th. This represents a $2.32 annualized dividend and a dividend yield of 2.27%. Autoliv’s dividend payout ratio is currently 33.87%.
Several large investors have recently added to or reduced their stakes in ALV. First New York Securities LLC NY bought a new stake in Autoliv during the second quarter valued at $860,000. Reilly Herbert Faulkner III bought a new stake in Autoliv during the second quarter valued at $224,000. Prentiss Smith & Co. Inc. raised its stake in Autoliv by 23.9% in the second quarter. Prentiss Smith & Co. Inc. now owns 51,790 shares of the company’s stock valued at $5,565,000 after buying an additional 9,989 shares in the last quarter. Victory Capital Management Inc. raised its stake in Autoliv by 157.7% in the second quarter. Victory Capital Management Inc. now owns 1,296 shares of the company’s stock valued at $139,000 after buying an additional 793 shares in the last quarter. Finally, Mizuho Asset Management Co. Ltd. raised its stake in Autoliv by 378.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,393 shares of the company’s stock valued at $365,000 after buying an additional 2,684 shares in the last quarter. Institutional investors own 32.35% of the company’s stock.
Autoliv Company Profile