Trade Report: The Autoliv Inc. (ALV) Upgraded to Neutral at Goldman Sachs Group Inc.

The Autoliv Inc. (ALV) Upgraded to Neutral at Goldman Sachs Group Inc.

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

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