Trading Report: Today, Autoliv Inc. (ALV) Rating Increased to Neutral at Goldman Sachs Group Inc.

Today, Autoliv Inc. (ALV) Rating Increased 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 report released on Wednesday morning. They currently have $95.00 price objective on the stock, down from their previous price objective of $101.00.

Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Autoliv from a hold rating to a buy rating and set a $113.00 target price for the company in a research note on Thursday, October 20th. Wells Fargo & Co. reiterated a hold rating on shares of Autoliv in a research note on Tuesday, July 26th. Citigroup Inc. reduced their target price on shares of Autoliv from $121.00 to $113.00 and set a neutral rating for the company in a research note on Thursday, July 28th. Robert W. Baird lowered shares of Autoliv from an outperform rating to a neutral rating and reduced their target price for the stock from $129.00 to $104.00 in a research note on Friday, October 28th. Finally, Handelsbanken lowered shares of Autoliv from a buy rating to an accumulate rating in a research note on Monday, October 10th. Seven analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. Autoliv presently has a consensus rating of Hold and an average target price of $94.84.

Shares of Autoliv (NYSE:ALV) opened at 102.92 on Wednesday. The firm has a market cap of $9.08 billion, a PE ratio of 15.05 and a beta of 1.24. The firm has a 50-day moving average of $98.93 and a 200 day moving average of $108.05. Autoliv has a 52 week low of $93.31 and a 52 week high of $129.37.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Thursday, October 27th. The company reported $1.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.26. Autoliv had a net margin of 6.06% and a return on equity of 16.41%. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the prior year, the company posted $1.53 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. Equities research analysts predict that Autoliv will post $6.77 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 2nd. Stockholders of record on Wednesday, February 15th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Monday, February 13th. Autoliv’s payout ratio is 33.87%.

Several large investors have recently made changes to their positions in ALV. Mackenzie Financial Corp increased its stake in shares of Autoliv by 0.5% in the second quarter. Mackenzie Financial Corp now owns 3,353 shares of the company’s stock worth $360,000 after buying an additional 18 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in shares of Autoliv by 2.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,226 shares of the company’s stock worth $215,000 after buying an additional 44 shares during the last quarter. Hartford Investment Management Co. increased its stake in shares of Autoliv by 4.1% in the second quarter. Hartford Investment Management Co. now owns 1,862 shares of the company’s stock worth $200,000 after buying an additional 73 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Autoliv by 1.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,822 shares of the company’s stock worth $840,000 after buying an additional 74 shares during the last quarter. Finally, Coastline Trust Co increased its stake in shares of Autoliv by 0.6% in the second quarter. Coastline Trust Co now owns 15,910 shares of the company’s stock worth $1,709,000 after buying an additional 90 shares during the last quarter. 31.89% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Company Profile

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