Autoliv (NYSE:ALV) Rating Increased to Neutral at Robert W. Baird

Robert W. Baird upgraded shares of Autoliv (NYSE:ALV) from an underperform rating to a neutral rating in a research note published on Monday morning, Briefing.com Automated Import reports. They currently have $74.00 target price on the auto parts company’s stock.

Other analysts also recently issued research reports about the stock. Buckingham Research boosted their price objective on shares of Sonic Automotive from $15.00 to $20.00 and gave the company a neutral rating in a report on Monday. Barclays reissued a sell rating and issued a $57.00 price objective on shares of Autoliv in a report on Sunday, March 31st. Nordea Equity Research downgraded shares of Autoliv from a buy rating to a hold rating in a report on Monday, April 29th. Zacks Investment Research downgraded shares of Genprex from a hold rating to a sell rating in a report on Thursday, April 18th. Finally, Royal Bank of Canada raised shares of Snap from a sector perform rating to an outperform rating and boosted their price objective for the company from $10.00 to $17.00 in a report on Friday, April 5th. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. Autoliv has a consensus rating of Hold and a consensus price target of $85.33.

NYSE ALV opened at $69.77 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.14 and a debt-to-equity ratio of 0.81. The company has a market cap of $6.09 billion, a P/E ratio of 11.28, a P/E/G ratio of 1.39 and a beta of 1.51. Autoliv has a 12-month low of $61.07 and a 12-month high of $105.65. The firm has a 50-day simple moving average of $67.09.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, April 26th. The auto parts company reported $1.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.57 by ($0.37). The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.19 billion. Autoliv had a net margin of 2.03% and a return on equity of 27.29%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.66 EPS. As a group, research analysts forecast that Autoliv will post 6.46 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Tuesday, August 20th. Autoliv’s dividend payout ratio (DPR) is presently 36.31%.

Several institutional investors have recently modified their holdings of the company. Coastline Trust Co boosted its stake in Autoliv by 3.5% during the second quarter. Coastline Trust Co now owns 24,225 shares of the auto parts company’s stock worth $1,708,000 after acquiring an additional 825 shares in the last quarter. Gateway Investment Advisers LLC boosted its stake in Autoliv by 126.7% during the second quarter. Gateway Investment Advisers LLC now owns 107,204 shares of the auto parts company’s stock worth $7,559,000 after acquiring an additional 59,922 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its stake in Autoliv by 18.7% during the second quarter. NN Investment Partners Holdings N.V. now owns 24,873 shares of the auto parts company’s stock worth $1,754,000 after acquiring an additional 3,927 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in Autoliv by 26.9% during the second quarter. Xact Kapitalforvaltning AB now owns 16,959 shares of the auto parts company’s stock worth $1,196,000 after acquiring an additional 3,600 shares in the last quarter. Finally, Empirical Finance LLC boosted its stake in Autoliv by 1.1% during the second quarter. Empirical Finance LLC now owns 15,798 shares of the auto parts company’s stock worth $1,114,000 after acquiring an additional 175 shares in the last quarter. 35.97% of the stock is owned by institutional investors.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.

Read More: What is a Futures Contract?

Analyst Recommendations for Autoliv (NYSE:ALV)

Receive News & Ratings for Autoliv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autoliv and related companies with MarketBeat.com's FREE daily email newsletter.