Royal Bank Of Canada Trims Autoliv, Inc. (ALV) Target Price to $98.00
Autoliv, Inc. (NYSE:ALV) had its target price dropped by research analysts at Royal Bank Of Canada from $100.00 to $98.00 in a report released on Monday, MarketBeat reports. The firm currently has a “sector perform” rating on the auto parts company’s stock. Royal Bank Of Canada’s price target indicates a potential downside of 8.84% from the stock’s current price.
Several other equities research analysts have also recently issued reports on the stock. Jefferies Group LLC set a $108.00 price objective on shares of Autoliv and gave the company a “hold” rating in a research report on Sunday, April 30th. Barclays PLC reduced 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. Morgan Stanley upgraded shares of Autoliv from an “equal weight” rating to an “overweight” rating and set a $120.00 price objective for the company in a research note on Wednesday, May 24th. BidaskClub upgraded shares of Autoliv from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Finally, CLSA initiated coverage on shares of Autoliv in a research note on Thursday, June 22nd. They set a “hold” rating and a $102.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Autoliv presently has a consensus rating of “Hold” and a consensus target price of $106.92.
Autoliv (NYSE ALV) traded up 0.67% on Monday, hitting $107.50. 872,475 shares of the stock traded hands. The company’s 50 day moving average price is $112.68 and its 200-day moving average price is $107.14. The stock has a market cap of $9.34 billion, a price-to-earnings ratio of 16.98 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 analysts’ consensus estimates of $1.48 by $0.04. Autoliv had a return on equity of 14.04% and a net margin of 5.44%. The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the prior year, the firm posted $1.75 earnings per share. Autoliv’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, analysts forecast that Autoliv will post $6.33 earnings per share for the current fiscal year.
In other Autoliv news, Director Robert W. Alspaugh sold 1,156 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $109.87, for a total value of $127,009.72. Following the transaction, the director now directly owns 3,800 shares in the company, valued at approximately $417,506. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Svante Mogefors sold 6,738 shares of the company’s stock in a transaction dated 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 owns 17,269 shares in the company, valued at $1,769,381.74. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. bought a new position in Autoliv during the fourth quarter worth approximately $1,104,000. Comerica Bank increased its stake in shares of Autoliv by 12.6% in the fourth quarter. Comerica Bank now owns 5,150 shares of the auto parts company’s stock valued at $598,000 after buying an additional 578 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Autoliv during the fourth quarter valued at about $2,946,000. Macquarie Group Ltd. increased its stake in shares of Autoliv by 2,057.6% in the fourth quarter. Macquarie Group Ltd. now owns 60,414 shares of the auto parts company’s stock valued at $6,836,000 after buying an additional 57,614 shares during the period. Finally, Creative Planning increased its stake in shares of Autoliv by 0.3% in the first quarter. Creative Planning now owns 1,220 shares of the auto parts company’s stock valued at $125,000 after buying an additional 4 shares during the period. 32.17% of the stock is owned by institutional investors.
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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