Royal Bank Of Canada Boosts Autoliv, Inc. (NYSE:ALV) Price Target to $100.00
Autoliv, Inc. (NYSE:ALV) had its price target upped by equities researchers at Royal Bank Of Canada from $98.00 to $100.00 in a report released on Monday. The brokerage presently has a “sector perform” rating on the auto parts company’s stock. Royal Bank Of Canada’s price objective would suggest a potential downside of 6.35% from the company’s current price.
A number of other brokerages have also recently issued reports on ALV. Zacks Investment Research cut shares of Autoliv from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Barclays PLC cut their price objective 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. Wells Fargo & Company reiterated an “outperform” rating and set a $110.50 price target on shares of Autoliv in a report on Wednesday, June 28th. Jefferies Group LLC upgraded shares of Autoliv from a “hold” rating to a “buy” rating and upped their price target for the company from $108.00 to $119.00 in a report on Tuesday, May 9th. Finally, CLSA initiated coverage on shares of Autoliv in a report on Thursday, June 22nd. They set a “hold” rating and a $102.00 price target for the company. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $107.03.
Shares of Autoliv (NYSE ALV) opened at 106.78 on Monday. The company’s 50 day moving average is $112.68 and its 200 day moving average is $107.14. The firm has a market cap of $9.28 billion, a price-to-earnings ratio of 16.87 and a beta of 1.14. Autoliv has a 52-week low of $93.31 and a 52-week high of $117.54.
Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, July 21st. The auto parts company reported $1.44 EPS for the quarter, missing the Zacks’ consensus estimate of $1.48 by $0.04. Autoliv had a return on equity of 14.04% and a net margin of 5.44%. The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the prior year, the firm earned $1.75 EPS. Autoliv’s quarterly revenue was down 1.3% on a year-over-year basis. Analysts anticipate that Autoliv will post $6.33 earnings per share for the current year.
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In related news, Director Robert W. Alspaugh sold 1,156 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $109.87, for a total value of $127,009.72. Following the completion of the transaction, the director now directly owns 3,800 shares of the company’s stock, valued at $417,506. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Svante Mogefors sold 6,738 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 17,269 shares of the company’s stock, valued at $1,769,381.74. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Aperio Group LLC raised its position in Autoliv by 1.4% in the second quarter. Aperio Group LLC now owns 14,212 shares of the auto parts company’s stock worth $1,560,000 after buying an additional 190 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in Autoliv by 508.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 14,327 shares of the auto parts company’s stock valued at $1,573,000 after buying an additional 11,974 shares during the last quarter. State of Alaska Department of Revenue raised its position in Autoliv by 8.0% in the second quarter. State of Alaska Department of Revenue now owns 4,070 shares of the auto parts company’s stock valued at $446,000 after buying an additional 300 shares during the last quarter. Bank of Montreal Can raised its position in Autoliv by 3.0% in the second quarter. Bank of Montreal Can now owns 10,413 shares of the auto parts company’s stock valued at $1,143,000 after buying an additional 305 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its position in Autoliv by 6.4% in the second quarter. Xact Kapitalforvaltning AB now owns 12,012 shares of the auto parts company’s stock valued at $1,319,000 after buying an additional 720 shares during the last quarter. 32.17% of the stock is owned by hedge funds and other 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.
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