Deutsche Bank Increases Autoliv Inc. (ALV) Price Target to $110.00
Autoliv Inc. (NYSE:ALV) had its target price boosted by research analysts at Deutsche Bank from $105.00 to $110.00 in a research note issued on Monday, MarketBeat.com reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank’s target price suggests a potential downside of 4.57% from the company’s current price.
Several other research firms have also issued reports on ALV. Barclays dropped their target price on shares of Autoliv from $90.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday. BNP Paribas dropped their target price on shares of Autoliv to $90.00 in a report on Tuesday, January 19th. Kepler Capital Markets boosted their target price on shares of Autoliv from $94.00 to $101.00 and gave the company a “reduce” rating in a report on Tuesday, January 5th. Zacks Investment Research upgraded shares of Autoliv from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Monday, January 4th. Finally, RBC Capital restated a “hold” rating on shares of Autoliv in a report on Thursday, December 10th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $114.59.
A number of large investors have recently modified their holdings of the company. Regentatlantic Capital LLC increased its stake in shares of Autoliv by 1.8% in the fourth quarter. Regentatlantic Capital LLC now owns 3,398 shares of the company’s stock worth $424,000 after buying an additional 61 shares during the last quarter. KBC Group increased its stake in shares of Autoliv by 1.4% in the third quarter. KBC Group now owns 10,158 shares of the company’s stock worth $1,108,000 after buying an additional 136 shares during the last quarter. Coastline Trust Company increased its stake in shares of Autoliv by 1.2% in the fourth quarter. Coastline Trust Company now owns 15,625 shares of the company’s stock worth $1,949,000 after buying an additional 179 shares during the last quarter. Natixis Asset Management increased its stake in shares of Autoliv by 0.9% in the third quarter. Natixis Asset Management now owns 35,100 shares of the company’s stock worth $3,760,000 after buying an additional 300 shares during the last quarter. Finally, F&V Capital Management increased its stake in shares of Autoliv by 8.6% in the fourth quarter. F&V Capital Management now owns 4,308 shares of the company’s stock worth $537,000 after buying an additional 340 shares during the last quarter.
Autoliv (NYSE:ALV) opened at 115.27 on Monday. The company has a market cap of $10.15 billion and a PE ratio of 24.42. The stock has a 50 day moving average price of $118.62 and a 200 day moving average price of $113.16. Autoliv has a one year low of $95.52 and a one year high of $132.19.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 3rd. Stockholders of record on Thursday, February 18th will be given a dividend of $0.56 per share. This is a positive change from Autoliv’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Tuesday, February 16th.
Autoliv, Inc. is a developer, manufacturer and supplier of automotive safety systems to the automotive industry. The Company’s range of product offerings includes passive safety systems and active safety systems. Passive safety systems are primarily meant to improve vehicle safety, and include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, passive safety electronics, whiplash protection systems and child seats, and components for such systems. Active safety systems are designed to make driving easier and more comfortable and to intervene before a collision in order to make accidents avoidable or reduce the impact. Active safety products include automotive radars, night driving assist, camera-based vision systems, brake controls and other active safety systems. It has approximately 80 production facilities located in around 27 countries, consisting of both component factories and assembly factories.

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