Autoliv (NYSE:ALV) PT Lowered to $110.00

Autoliv (NYSE:ALV) had its price target lowered by Barclays from $115.00 to $110.00 in a research note released on Tuesday, Benzinga reports. Barclays currently has an equal weight rating on the auto parts company’s stock.

ALV has been the topic of several other research reports. BNP Paribas began coverage on shares of Autoliv in a report on Tuesday, June 18th. They issued a neutral rating on the stock. Bank of America decreased their price target on shares of Autoliv from $137.00 to $134.00 and set a buy rating for the company in a research report on Thursday, October 3rd. Robert W. Baird lowered their price target on Autoliv from $128.00 to $111.00 and set a neutral rating for the company in a report on Monday, July 22nd. Citigroup reduced their price objective on Autoliv from $119.00 to $108.00 and set a neutral rating on the stock in a research note on Monday, July 22nd. Finally, HSBC began coverage on Autoliv in a research note on Monday, July 15th. They issued a buy rating and a $134.00 target price for the company. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $124.43.

Autoliv Stock Down 0.9 %

Shares of NYSE ALV opened at $93.70 on Tuesday. The stock has a market capitalization of $7.62 billion, a PE ratio of 14.61, a P/E/G ratio of 0.82 and a beta of 1.60. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. The firm has a fifty day moving average of $96.55 and a 200-day moving average of $108.24. Autoliv has a 52-week low of $89.37 and a 52-week high of $129.38.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, July 19th. The auto parts company reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. Autoliv’s revenue was down 1.1% on a year-over-year basis. During the same period last year, the firm posted $1.93 EPS. On average, analysts anticipate that Autoliv will post 8.44 EPS for the current year.

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Wednesday, September 4th were issued a $0.68 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.72 annualized dividend and a yield of 2.90%. Autoliv’s dividend payout ratio is presently 42.43%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position in shares of Autoliv by 62.7% during the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 101 shares during the last quarter. Register Financial Advisors LLC bought a new stake in Autoliv in the first quarter valued at about $36,000. Quarry LP lifted its holdings in Autoliv by 133.5% during the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after buying an additional 207 shares during the last quarter. Rise Advisors LLC grew its position in shares of Autoliv by 104.9% in the 1st quarter. Rise Advisors LLC now owns 547 shares of the auto parts company’s stock worth $66,000 after acquiring an additional 280 shares in the last quarter. Finally, Headlands Technologies LLC increased its holdings in shares of Autoliv by 427.6% in the 1st quarter. Headlands Technologies LLC now owns 823 shares of the auto parts company’s stock valued at $99,000 after acquiring an additional 667 shares during the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.