Autoliv (NYSE:ALV) Price Target Cut to $146.00 by Analysts at Royal Bank Of Canada

Autoliv (NYSE:ALV) had its price objective cut by Royal Bank Of Canada from $147.00 to $146.00 in a research note issued to investors on Monday, MarketBeat Ratings reports. They currently have an outperform rating on the auto parts company’s stock.

Several other analysts also recently issued reports on ALV. Wall Street Zen downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings upgraded shares of Autoliv from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 24th. Wolfe Research downgraded shares of Autoliv from an “outperform” rating to a “peer perform” rating in a report on Wednesday, September 23rd. Wells Fargo & Company upped their price objective on shares of Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Finally, Jefferies Financial Group dropped their price objective on shares of Autoliv from $134.00 to $119.00 and set a “hold” rating on the stock in a research note on Tuesday, September 22nd. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.85.

Autoliv Stock Up 0.7%

Shares of NYSE:ALV opened at $110.50 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.03. Autoliv has a 52-week low of $99.16 and a 52-week high of $132.17. The business’s 50 day simple moving average is $118.90 and its two-hundred day simple moving average is $118.53. The firm has a market cap of $8.09 billion, a P/E ratio of 13.02, a PEG ratio of 0.88 and a beta of 1.39.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, July 17th. The auto parts company reported $2.43 EPS for the quarter, missing the consensus estimate of $2.46 by ($0.03). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the firm earned $2.21 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. As a group, research analysts forecast that Autoliv will post 10.04 EPS for the current fiscal year.

Autoliv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, August 28th. Autoliv’s payout ratio is currently 40.99%.

Institutional Trading of Autoliv

Several institutional investors and hedge funds have recently modified their holdings of ALV. Global Retirement Partners LLC bought a new position in shares of Autoliv during the 2nd quarter worth approximately $60,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Autoliv in the 2nd quarter worth approximately $62,000. Integrated Wealth Concepts LLC purchased a new position in shares of Autoliv in the 2nd quarter worth approximately $69,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Autoliv in the 2nd quarter worth approximately $78,000. Finally, GAMMA Investing LLC grew its holdings in shares of Autoliv by 16.5% in the second quarter. GAMMA Investing LLC now owns 988 shares of the auto parts company’s stock valued at $115,000 after acquiring an additional 140 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Company Profile

Autoliv, Inc (NYSE: ALV) is a Swedish-American automotive safety supplier that develops and manufactures systems designed to protect vehicle occupants and other road users. Its products include airbags, seat belts, steering wheels, inflators, restraint systems and related safety components used by automobile manufacturers worldwide.

The company serves global automakers and operates engineering, manufacturing and technical centers across major automotive markets in Europe, the Americas and Asia.