Autoliv, Inc. Expected to Post FY2018 Earnings of $8.00 Per Share (ALV)

Autoliv, Inc. Expected to Post FY2018 Earnings of $8.00 Per Share (ALV)

Autoliv, Inc. (NYSE:ALV) – Investment analysts at KeyCorp issued their FY2018 EPS estimates for Autoliv in a research report issued to clients and investors on Tuesday. KeyCorp analyst B. Hoselton forecasts that the brokerage will earn $8.00 per share for the year. KeyCorp currently has a “Equal Weight” rating on the stock.

Other research analysts also recently issued reports about the stock. Robert W. Baird downgraded shares of Autoliv from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $129.00 to $104.00 in a research note on Friday, October 28th. Zacks Investment Research upgraded shares of Autoliv from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a research note on Tuesday, December 27th. Jefferies Group LLC downgraded shares of Autoliv from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research note on Thursday, January 19th. They noted that the move was a valuation call. BMO Capital Markets initiated coverage on shares of Autoliv in a research report on Tuesday, December 20th. They issued an “outperform” rating and a $131.00 price target on the stock. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Autoliv from a “sell” rating to a “neutral” rating and reduced their price target for the stock from $101.00 to $95.00 in a research report on Wednesday, November 23rd. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $103.94.

Shares of Autoliv (NYSE:ALV) traded down 0.93% on Thursday, hitting $114.69. 319,431 shares of the stock were exchanged. The firm’s 50 day moving average price is $112.39 and its 200 day moving average price is $106.00. The firm has a market cap of $10.12 billion, a price-to-earnings ratio of 16.77 and a beta of 1.25. Autoliv has a one year low of $93.31 and a one year high of $126.31.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 2nd. Shareholders of record on Wednesday, February 15th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, February 13th. This represents a $2.32 annualized dividend and a yield of 2.02%. Autoliv’s payout ratio is 33.87%.

Several institutional investors have recently made changes to their positions in the company. PGGM Investments acquired a new position in shares of Autoliv during the second quarter valued at about $28,315,000. Candriam Luxembourg S.C.A. acquired a new position in shares of Autoliv during the second quarter valued at about $337,000. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Autoliv by 10.3% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,222 shares of the company’s stock valued at $346,000 after buying an additional 300 shares in the last quarter. Prentiss Smith & Co. Inc. boosted its position in shares of Autoliv by 23.9% in the second quarter. Prentiss Smith & Co. Inc. now owns 51,790 shares of the company’s stock valued at $5,565,000 after buying an additional 9,989 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Autoliv by 1.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,822 shares of the company’s stock valued at $840,000 after buying an additional 74 shares in the last quarter. 31.86% of the stock is currently owned by institutional investors.

About Autoliv

Autoliv, Inc is a developer, manufacturer and supplier to the automotive industry of automotive safety systems. The Company operates through two segments: Passive Safety and Electronics. Passive Safety segment includes airbags, seatbelts and steering wheels. Electronics segment includes active safety products, such as camera-based vision systems, night driving assist, automotive radars, brake controls and other active safety systems, and passive safety electronic products, such as restraint electronics and crash sensors.

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