Autoliv Price Target Increased to $83.00 by Analysts at UBS AG (ALV)
Investment analysts at UBS AG boosted their price target on shares of Autoliv (NYSE:ALV) from $76.00 to $83.00 in a note issued to investors on Monday, Stock Ratings Network.com reports. The firm currently has a “sell” rating on the stock. UBS AG’s price objective would indicate a potential downside of 19.26% from the stock’s previous close.
In other Autoliv news, CFO Mats Wallin unloaded 15,756 shares of the company’s stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $101.18, for a total transaction of $1,594,192.08. Following the sale, the chief financial officer now directly owns 5,508 shares in the company, valued at approximately $557,299. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of other firms have also recently commented on ALV. Analysts at Societe Generale raised their price target on shares of Autoliv from $95.00 to $108.00 in a research note on Monday, April 28th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Autoliv in a research note on Monday, April 28th. They now have a $106.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Autoliv in a research note on Tuesday, April 22nd. They now have a $110.00 price target on the stock. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $96.15.
Shares of Autoliv (NYSE:ALV) traded up 0.09% on Monday, hitting $102.80. The stock had a trading volume of 258,313 shares. Autoliv has a one year low of $71.34 and a one year high of $104.07. The stock’s 50-day moving average is $100.5 and its 200-day moving average is $94.00. The company has a market cap of $9.632 billion and a price-to-earnings ratio of 19.91.
Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, April 25th. The company reported $1.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.43. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that Autoliv will post $6.31 EPS for the current fiscal year.
Autoliv, Inc (NYSE:ALV) is a holding company.
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