Autoliv’s (ALV) “Hold” Rating Reaffirmed at Deutsche Bank AG
Autoliv, Inc. (NYSE:ALV)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank AG in a research note issued on Thursday. They currently have a $120.00 price target on the auto parts company’s stock, up from their previous price target of $101.00. Deutsche Bank AG’s price target indicates a potential downside of 5.65% from the company’s previous close.
A number of other equities research analysts also recently issued reports on ALV. Zacks Investment Research upgraded Autoliv from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. Morgan Stanley upgraded Autoliv from an “equal weight” rating to an “overweight” rating and set a $120.00 price objective on the stock in a report on Wednesday, May 24th. Jefferies Group LLC restated a “buy” rating and set a $119.00 price objective on shares of Autoliv in a report on Friday, June 16th. Guggenheim initiated coverage on Autoliv in a report on Wednesday, June 21st. They set a “neutral” rating and a $102.00 price objective on the stock. Finally, BidaskClub cut Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $106.25.
Autoliv (NYSE ALV) traded up 12.305% during mid-day trading on Thursday, hitting $127.185. The company’s stock had a trading volume of 3,696,283 shares. The stock has a market cap of $11.05 billion, a P/E ratio of 20.092 and a beta of 1.12. Autoliv has a 52-week low of $93.31 and a 52-week high of $127.72. The company’s 50 day moving average is $108.13 and its 200-day moving average is $106.52.
Autoliv (NYSE:ALV) last announced 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 net margin of 5.44% and a return on equity of 13.96%. The firm had revenue of $2.55 billion for 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. Autoliv’s quarterly revenue was down 1.3% on a year-over-year basis. On average, equities analysts predict that Autoliv will post $6.22 EPS for the current fiscal year.
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In related news, VP Thomas Jonsson sold 1,240 shares of Autoliv 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 in the company, valued at approximately $250,859.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.25% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank boosted its holdings in Autoliv by 26.9% in the 1st 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 last quarter. Victory Capital Management Inc. boosted its holdings in Autoliv by 43.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock worth $149,000 after buying an additional 414 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Autoliv by 288.3% in the 2nd quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after buying an additional 1,058 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Autoliv by 3.2% in the 1st 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 last quarter. Finally, IHT Wealth Management LLC boosted its holdings in Autoliv by 34.8% in the 1st 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 last quarter. Institutional investors own 34.76% of the company’s stock.
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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