Robert W. Baird Increases Autoliv Price Target to $113.00 (ALV)
Stock analysts at Robert W. Baird increased their price target on shares of Autoliv (NYSE:ALV) from $88.00 to $113.00 in a report issued on Monday, American Banking News reports. Robert W. Baird’s target price would suggest a potential upside of 9.92% from the company’s current price.
Autoliv (NYSE:ALV) opened at 102.80 on Monday. Autoliv has a 52-week low of $71.34 and a 52-week high of $104.07. The stock has a 50-day moving average of $100.5 and a 200-day moving average of $94.00. The company has a market cap of $9.632 billion and a P/E ratio of 19.91.
Autoliv (NYSE:ALV) last released its earnings data 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.
In other Autoliv news, CFO Mats Wallin sold 15,756 shares of Autoliv stock on the open market in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $101.18, for a total transaction of $1,594,192.08. Following the completion of the transaction, the chief financial officer now directly owns 5,508 shares of the company’s stock, valued at approximately $557,299. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of other firms have also recently commented on ALV. Analysts at UBS AG raised their price target on shares of Autoliv from $76.00 to $83.00 in a research note on Monday, April 28th. They now have a “sell” rating on the stock. Separately, 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. Finally, 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. 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 company has an average rating of “Hold” and an average target price of $96.15.
Autoliv, Inc (NYSE:ALV) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.