Autoliv (NYSE:ALV) Price Target Raised to $145.00

Autoliv (NYSE:ALV) had its target price boosted by equities research analysts at Bank of America from $135.00 to $145.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the auto parts company’s stock. Bank of America‘s price objective points to a potential upside of 19.18% from the stock’s current price.

ALV has been the subject of several other research reports. Mizuho lifted their target price on shares of Autoliv from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Barclays lifted their target price on shares of Autoliv from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Berenberg Bank upgraded shares of Autoliv from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Friday, January 12th. JPMorgan Chase & Co. lifted their target price on shares of Autoliv from $117.00 to $129.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Finally, Robert W. Baird raised their price objective on shares of Autoliv from $133.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $123.30.

Autoliv Stock Down 0.5 %

Shares of ALV stock traded down $0.63 on Monday, hitting $121.66. The stock had a trading volume of 92,364 shares, compared to its average volume of 539,256. The business has a 50 day moving average of $117.74 and a 200 day moving average of $108.09. The stock has a market cap of $9.91 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 0.81 and a beta of 1.72. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.10 and a quick ratio of 0.82. Autoliv has a 12-month low of $79.66 and a 12-month high of $125.91.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, January 26th. The auto parts company reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.37 by $0.37. Autoliv had a net margin of 5.10% and a return on equity of 29.84%. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter last year, the company posted $1.83 earnings per share. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. As a group, analysts expect that Autoliv will post 9.67 EPS for the current year.

Insider Buying and Selling at Autoliv

In other news, CEO Mikael Bratt sold 4,226 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total transaction of $463,676.72. Following the sale, the chief executive officer now owns 17,547 shares in the company, valued at approximately $1,925,256.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Fredrik Westin sold 1,318 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.93, for a total transaction of $144,887.74. Following the sale, the chief financial officer now owns 5,458 shares in the company, valued at approximately $599,997.94. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Mikael Bratt sold 4,226 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total transaction of $463,676.72. Following the sale, the chief executive officer now owns 17,547 shares in the company, valued at approximately $1,925,256.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,388 shares of company stock valued at $921,757. 0.24% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Autoliv

Hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System bought a new position in Autoliv in the 4th quarter worth about $2,314,000. Foundry Partners LLC bought a new position in Autoliv in the 4th quarter worth about $15,165,000. New York Life Investment Management LLC boosted its stake in Autoliv by 90.3% in the 3rd quarter. New York Life Investment Management LLC now owns 8,151 shares of the auto parts company’s stock worth $786,000 after purchasing an additional 3,867 shares in the last quarter. Versor Investments LP boosted its stake in Autoliv by 43.5% in the 3rd quarter. Versor Investments LP now owns 8,250 shares of the auto parts company’s stock worth $796,000 after purchasing an additional 2,501 shares in the last quarter. Finally, CI Investments Inc. boosted its stake in Autoliv by 2.8% in the 3rd quarter. CI Investments Inc. now owns 231,211 shares of the auto parts company’s stock worth $22,307,000 after purchasing an additional 6,394 shares in the last quarter. Institutional investors own 69.57% of the company’s stock.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.