Autoliv (NYSE:ALV) Cut to “Buy” at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen lowered shares of Autoliv (NYSE:ALVFree Report) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.

A number of other research firms also recently issued reports on ALV. Evercore ISI increased their target price on shares of Autoliv from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft set a $133.00 price target on shares of Autoliv in a research note on Friday, October 10th. Wells Fargo & Company reduced their price objective on Autoliv from $129.00 to $125.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 9th. Berenberg Bank set a $134.00 target price on Autoliv in a research report on Tuesday, October 21st. Finally, Wolfe Research set a $143.00 price target on Autoliv in a research note on Monday, January 12th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.25.

Read Our Latest Report on ALV

Autoliv Stock Down 0.5%

NYSE:ALV opened at $120.69 on Friday. The business’s fifty day moving average price is $122.01 and its 200 day moving average price is $120.69. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 0.75 and a beta of 1.32. The company has a current ratio of 1.05, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67. Autoliv has a 1-year low of $75.49 and a 1-year high of $130.14.

Autoliv (NYSE:ALVGet Free Report) last released its earnings results on Friday, January 30th. The auto parts company reported $3.19 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.34. The company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.05 EPS. On average, sell-side analysts forecast that Autoliv will post 9.51 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Friday, November 21st. This is an increase from Autoliv’s previous quarterly dividend of $0.85. This represents a $3.48 dividend on an annualized basis and a yield of 2.9%. Autoliv’s dividend payout ratio (DPR) is currently 36.40%.

Institutional Trading of Autoliv

A number of institutional investors and hedge funds have recently modified their holdings of ALV. Integrated Wealth Concepts LLC acquired a new position in Autoliv in the 1st quarter valued at $412,000. NewEdge Advisors LLC grew its position in shares of Autoliv by 11.2% in the first quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company’s stock valued at $287,000 after purchasing an additional 326 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Autoliv by 3,361.1% in the first quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company’s stock valued at $937,000 after purchasing an additional 10,285 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Autoliv by 88.5% in the first quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company’s stock worth $16,935,000 after purchasing an additional 89,918 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Autoliv during the 2nd quarter worth about $464,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

More Autoliv News

Here are the key news stories impacting Autoliv this week:

About Autoliv

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Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.

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