Autoliv, Inc. (ALV) PT Raised to $140.00
Autoliv, Inc. (NYSE:ALV) had its price target hoisted by Wells Fargo & Company to $140.00 in a research note issued on Friday. The brokerage currently has an “outperform” rating on the auto parts company’s stock. Wells Fargo & Company’s target price would suggest a potential upside of 11.60% from the company’s previous close. The analysts noted that the move was a valuation call.
Other equities research analysts also recently issued reports about the company. Mizuho lifted their target price on Autoliv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday. BidaskClub downgraded Autoliv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Bank of America Corporation lowered their target price on Autoliv from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Tuesday, July 25th. Royal Bank Of Canada reiterated a “hold” rating and issued a $98.00 target price on shares of Autoliv in a report on Thursday, July 6th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $119.00 target price on shares of Autoliv in a report on Friday, June 16th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. Autoliv has a consensus rating of “Hold” and an average target price of $109.20.
Autoliv (NYSE ALV) opened at 125.45 on Friday. The company has a 50 day moving average price of $109.21 and a 200 day moving average price of $106.86. Autoliv has a 12 month low of $93.31 and a 12 month high of $127.72. The firm has a market capitalization of $10.90 billion, a price-to-earnings ratio of 19.82 and a beta of 1.12.
Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.04). Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the business earned $1.75 earnings per share. Autoliv’s revenue was down 1.3% compared to the same quarter last year. Analysts anticipate that Autoliv will post $6.22 earnings per share for the current fiscal year.
In related news, VP Thomas Jonsson sold 1,240 shares of Autoliv stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $108.55, for a total transaction of $134,602.00. Following the transaction, the vice president now owns 2,311 shares of the company’s stock, valued at $250,859.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.25% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. Karp Capital Management Corp purchased a new position in shares of Autoliv during the first quarter valued at approximately $1,434,000. BNP Paribas Arbitrage SA boosted its position in shares of Autoliv by 20.5% during the second quarter. BNP Paribas Arbitrage SA now owns 14,626 shares of the auto parts company’s stock valued at $1,606,000 after buying an additional 2,488 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Autoliv by 132.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 6,255 shares of the auto parts company’s stock valued at $669,000 after buying an additional 3,561 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Autoliv by 915.3% during the second quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the auto parts company’s stock valued at $244,927,000 after buying an additional 2,010,970 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Autoliv by 10.3% during the first quarter. Russell Investments Group Ltd. now owns 10,754 shares of the auto parts company’s stock valued at $1,100,000 after buying an additional 1,007 shares during the last quarter. 34.76% of the stock is currently owned by institutional investors.
Autoliv Company Profile
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.
Receive News & Ratings for Autoliv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autoliv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.