Autoliv, Inc. (NYSE:ALV) had its price target decreased by investment analysts at Bank of America Corporation from $85.00 to $84.00 in a research report issued on Tuesday. The brokerage presently has a “neutral” rating on the auto parts company’s stock. Bank of America Corporation’s price objective indicates a potential downside of 23.51% from the stock’s previous close.

ALV has been the subject of a number of other reports. Mizuho raised shares of Autoliv from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $108.00 to $130.00 in a research report on Monday, July 17th. Royal Bank Of Canada reduced their price objective on shares of Autoliv from $100.00 to $98.00 and set a “sector perform” rating for the company in a research report on Monday. Morgan Stanley raised 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 report on Wednesday, May 24th. BidaskClub raised shares of Autoliv from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Finally, Zacks Investment Research raised shares of Autoliv from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $105.71.

Autoliv (NYSE ALV) traded up 2.16% during trading on Tuesday, reaching $109.82. The company had a trading volume of 671,701 shares. The company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 17.35 and a beta of 1.14. Autoliv has a one year low of $93.31 and a one year high of $117.54. The company has a 50-day moving average price of $112.25 and a 200 day moving average price of $107.00.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.44 earnings per share (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 firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the company posted $1.75 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. Analysts expect that Autoliv will post $6.29 earnings per share for the current year.

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In related news, VP Svante Mogefors sold 6,738 shares of the firm’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 value 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 approximately $1,769,381.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert W. Alspaugh sold 1,156 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $109.87, for a total transaction 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 disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALV. Russell Investments Group Ltd. acquired a new position in Autoliv during the fourth quarter valued at approximately $1,104,000. Comerica Bank increased its position in 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 acquired a new position in Autoliv during the fourth quarter valued at approximately $2,946,000. Macquarie Group Ltd. increased its position in 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 position in 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.

About Autoliv

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.

Analyst Recommendations for Autoliv (NYSE:ALV)

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