Autoliv, Inc. (ALV) Stock Rating Reaffirmed by Royal Bank Of Canada
Autoliv, Inc. (NYSE:ALV)‘s stock had its “hold” rating reiterated by research analysts at Royal Bank Of Canada in a research note issued on Tuesday. They currently have a $100.00 price objective on the auto parts company’s stock. Royal Bank Of Canada’s price objective points to a potential downside of 5.60% from the stock’s previous close.
ALV has been the subject of several other research reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $121.00 price objective on shares of Autoliv in a report on Wednesday, July 26th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $99.00 price objective on shares of Autoliv in a report on Wednesday, July 26th. Guggenheim started coverage on Autoliv in a report on Wednesday, June 21st. They issued a “neutral” rating and a $102.00 price objective for the company. Bank of America Corporation cut their price objective on Autoliv from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Tuesday, July 25th. Finally, Mizuho raised Autoliv from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $108.00 to $130.00 in a report on Monday, July 17th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. Autoliv presently has an average rating of “Hold” and a consensus target price of $105.44.
Autoliv (ALV) opened at 105.93 on Tuesday. The company has a 50 day moving average of $110.00 and a 200 day moving average of $106.25. The company has a market capitalization of $9.21 billion, a PE ratio of 16.73 and a beta of 1.13. Autoliv has a 1-year low of $93.31 and a 1-year high of $117.54.
Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by $0.04. Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the prior year, the firm earned $1.75 EPS. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, analysts predict that Autoliv will post $6.22 earnings per share for the current fiscal year.
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In other news, VP Thomas Jonsson sold 1,240 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $108.55, for a total value of $134,602.00. Following the completion of the transaction, the vice president now owns 2,311 shares of the company’s stock, valued at $250,859.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.25% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Creative Planning raised 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 worth $125,000 after buying an additional 4 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Autoliv by 0.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,404 shares of the auto parts company’s stock worth $1,033,000 after buying an additional 28 shares during the period. Prudential Financial Inc. raised its position in Autoliv by 1.1% in the second quarter. Prudential Financial Inc. now owns 5,072 shares of the auto parts company’s stock worth $557,000 after buying an additional 53 shares during the period. Pacer Advisors Inc. raised its position in Autoliv by 3.2% in the first quarter. Pacer Advisors Inc. now owns 1,799 shares of the auto parts company’s stock worth $184,000 after buying an additional 55 shares during the period. Finally, Granahan Investment Management Inc. MA raised its position in Autoliv by 2.5% in the first quarter. Granahan Investment Management Inc. MA now owns 2,839 shares of the auto parts company’s stock worth $290,000 after buying an additional 70 shares during the period. 34.75% 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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