Longbow Research began coverage on shares of Autoliv (NYSE:ALV) in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage issued a buy rating and a $155.00 price target on the auto parts company’s stock.

A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research raised Autoliv from a hold rating to a buy rating and set a $140.00 price objective for the company in a research note on Wednesday, November 1st. Evercore ISI reaffirmed an underperform rating and issued a $100.00 price objective (up from $85.00) on shares of Autoliv in a research note on Monday, September 18th. Deutsche Bank reaffirmed a hold rating and issued a $120.00 price objective (up from $101.00) on shares of Autoliv in a research note on Thursday, September 14th. KeyCorp lifted their price objective on Autoliv from $124.00 to $136.00 and gave the company an overweight rating in a research note on Friday, September 15th. Finally, Citigroup lifted their price objective on Autoliv from $105.00 to $129.00 and gave the company a neutral rating in a research note on Friday, September 15th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $112.60.

Autoliv (NYSE:ALV) traded up $2.64 during mid-day trading on Friday, reaching $133.42. The company’s stock had a trading volume of 529,200 shares, compared to its average volume of 430,775. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.23 and a current ratio of 1.55. The firm has a market capitalization of $11,601.29, a PE ratio of 23.00, a price-to-earnings-growth ratio of 2.30 and a beta of 1.11. Autoliv has a one year low of $96.08 and a one year high of $133.85.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.14. Autoliv had a return on equity of 13.42% and a net margin of 4.96%. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the firm posted $1.63 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. analysts predict that Autoliv will post 6.27 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 22nd will be paid a dividend of $0.60 per share. The ex-dividend date is Wednesday, February 21st. This represents a $2.40 annualized dividend and a yield of 1.80%. Autoliv’s payout ratio is 41.38%.

In related news, insider Johan Lofvenholm sold 3,965 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $128.00, for a total transaction of $507,520.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.25% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in Autoliv by 9.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock worth $210,000 after purchasing an additional 171 shares in the last quarter. Andra AP fonden lifted its holdings in Autoliv by 16.9% during the 3rd quarter. Andra AP fonden now owns 16,600 shares of the auto parts company’s stock worth $2,052,000 after buying an additional 2,400 shares during the last quarter. HCR Wealth Advisors purchased a new stake in Autoliv during the 3rd quarter worth about $424,000. Commonwealth Bank of Australia lifted its holdings in Autoliv by 74.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 12,392 shares of the auto parts company’s stock worth $1,360,000 after buying an additional 5,300 shares during the last quarter. Finally, FNY Partners Fund LP lifted its holdings in Autoliv by 31.8% during the 3rd quarter. FNY Partners Fund LP now owns 10,616 shares of the auto parts company’s stock worth $1,312,000 after buying an additional 2,561 shares during the last quarter. 33.42% of the stock is owned by hedge funds and other institutional investors.

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About Autoliv

Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.

Analyst Recommendations for Autoliv (NYSE:ALV)

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