Autoliv Inc. (ALV) Upgraded to “Overweight” by Morgan Stanley
Autoliv Inc. (NYSE:ALV) was upgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Wednesday. The brokerage currently has a $120.00 price target on the auto parts company’s stock. Morgan Stanley’s target price indicates a potential upside of 12.25% from the stock’s current price.
A number of other brokerages also recently weighed in on ALV. Jefferies Group LLC set a $108.00 target price on shares of Autoliv and gave the stock a “hold” rating in a research note on Sunday, April 30th. Barclays PLC dropped their target price on shares of Autoliv from $88.00 to $86.00 and set an “underweight” rating for the company in a research note on Monday, May 1st. Zacks Investment Research raised shares of Autoliv from a “strong sell” rating to a “hold” rating in a research note on Tuesday. KeyCorp raised shares of Autoliv from a “sector weight” rating to an “overweight” rating and set a $120.00 target price for the company in a research note on Wednesday, February 8th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $99.00 target price on shares of Autoliv in a research note on Friday, April 28th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $106.00.
Shares of Autoliv (NYSE:ALV) traded up 0.44% during midday trading on Wednesday, hitting $107.37. 359,710 shares of the company’s stock traded hands. The firm has a market capitalization of $9.48 billion, a price-to-earnings ratio of 16.44 and a beta of 1.17. The company has a 50 day moving average price of $100.99 and a 200 day moving average price of $104.99. Autoliv has a 1-year low of $93.31 and a 1-year high of $126.14.
Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, April 28th. The auto parts company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.13. Autoliv had a net margin of 5.59% and a return on equity of 14.99%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the firm posted $1.66 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts anticipate that Autoliv will post $6.28 earnings per share for the current year.
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In related news, VP Svante Mogefors sold 6,738 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $102.46, for a total transaction of $690,375.48. Following the completion of the sale, the vice president now directly owns 17,269 shares of the company’s stock, valued at $1,769,381.74. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.27% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Toronto Dominion Bank increased its stake in Autoliv by 26.9% in the first quarter. Toronto Dominion Bank now owns 971 shares of the auto parts company’s stock worth $100,000 after buying an additional 206 shares during the period. Creative Planning increased its stake in Autoliv by 0.3% in the first quarter. Creative Planning now owns 1,220 shares of the auto parts company’s stock worth $125,000 after buying an additional 4 shares during the period. Pacer Advisors Inc. increased its stake in Autoliv by 7.6% in the third quarter. Pacer Advisors Inc. now owns 1,754 shares of the auto parts company’s stock worth $187,000 after buying an additional 124 shares during the period. IHT Wealth Management LLC increased its stake in Autoliv by 34.8% in the first quarter. IHT Wealth Management LLC now owns 1,937 shares of the auto parts company’s stock worth $188,000 after buying an additional 500 shares during the period. Finally, Global X Management Co. LLC increased its stake in Autoliv by 31.6% in the first quarter. Global X Management Co. LLC now owns 2,030 shares of the auto parts company’s stock worth $208,000 after buying an additional 488 shares during the period. 32.01% of the stock is owned by institutional investors and hedge funds.
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.
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