Evercore ISI Cuts Autoliv (NYSE:ALV) Price Target to $145.00

Autoliv (NYSE:ALV) had its target price cut by Evercore ISI from $150.00 to $145.00 in a report released on Monday morning,Benzinga reports. They currently have an outperform rating on the auto parts company’s stock.

Other analysts also recently issued research reports about the stock. Berenberg Bank set a $134.00 price objective on shares of Autoliv in a report on Tuesday, October 21st. Wolfe Research set a $143.00 price target on shares of Autoliv in a report on Monday, January 12th. Wells Fargo & Company dropped their price objective on Autoliv from $129.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 9th. Barclays reissued an “overweight” rating and issued a $140.00 target price on shares of Autoliv in a research report on Monday. Finally, TD Cowen reaffirmed a “buy” rating on shares of Autoliv in a research report on Monday, October 20th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.40.

Autoliv Stock Performance

Shares of ALV stock opened at $126.57 on Monday. Autoliv has a one year low of $75.49 and a one year high of $130.14. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.79. The firm has a 50-day moving average of $122.27 and a 200-day moving average of $120.81. The company has a market cap of $9.61 billion, a P/E ratio of 13.24, a P/E/G ratio of 0.76 and a beta of 1.32.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, January 30th. The auto parts company reported $3.19 EPS for the quarter, beating the consensus estimate of $2.85 by $0.34. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.77 billion. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $3.05 EPS. Equities research analysts forecast that Autoliv will post 9.51 EPS for the current fiscal year.

Autoliv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st were given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.7%. This is a boost from Autoliv’s previous quarterly dividend of $0.85. The ex-dividend date was Friday, November 21st. Autoliv’s dividend payout ratio (DPR) is presently 36.40%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ALV. Swedbank AB increased its position in shares of Autoliv by 14.4% during the fourth quarter. Swedbank AB now owns 2,976,700 shares of the auto parts company’s stock valued at $353,334,000 after buying an additional 375,454 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Autoliv by 1.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,517,790 shares of the auto parts company’s stock valued at $281,741,000 after acquiring an additional 34,064 shares during the period. Vanguard Group Inc. boosted its position in shares of Autoliv by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 1,867,396 shares of the auto parts company’s stock valued at $221,660,000 after acquiring an additional 21,221 shares during the period. LSV Asset Management grew its stake in Autoliv by 54.9% during the third quarter. LSV Asset Management now owns 1,579,687 shares of the auto parts company’s stock valued at $195,091,000 after acquiring an additional 559,605 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Autoliv by 26.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 999,506 shares of the auto parts company’s stock worth $111,845,000 after acquiring an additional 206,200 shares during the period. Institutional investors own 69.57% of the company’s stock.

About Autoliv

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.