Autoliv, Inc. (ALV) Price Target Increased to $140.00 by Analysts at Wells Fargo & Company
Autoliv, Inc. (NYSE:ALV) had its target price hoisted by analysts at Wells Fargo & Company to $140.00 in a note issued to investors on Friday, The Fly reports. The firm currently has an “outperform” rating on the auto parts company’s stock. Wells Fargo & Company’s price target would suggest a potential upside of 11.60% from the stock’s current price. The analysts noted that the move was a valuation call.
A number of other research analysts also recently issued reports on the company. Mizuho increased their price objective on Autoliv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday. Citigroup Inc. increased their price objective on Autoliv from $105.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday. ValuEngine upgraded Autoliv from a “hold” rating to a “buy” rating in a report on Friday. Deutsche Bank AG reiterated a “hold” rating and set a $120.00 price objective (up from $101.00) on shares of Autoliv in a report on Thursday. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $100.00 price objective on shares of Autoliv in a report on Tuesday, August 29th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $109.20.
Autoliv (ALV) opened at 125.45 on Friday. The stock has a market cap of $10.90 billion, a PE ratio of 19.82 and a beta of 1.12. The company has a 50-day moving average price of $109.21 and a 200-day moving average price of $106.86. Autoliv has a 52 week low of $93.31 and a 52 week high of $127.72.
Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share (EPS) for the quarter, missing the 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 the consensus estimate of $2.57 billion. During the same quarter last year, the company earned $1.75 earnings per share. The firm’s revenue was down 1.3% compared to the same quarter last year. Analysts anticipate that Autoliv will post $6.22 earnings per share for the current year.
In other news, VP Thomas Jonsson sold 1,240 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 2,311 shares of the company’s stock, valued at $250,859.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.25% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Autoliv by 2,592.0% in the first quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock valued at $277,583,000 after buying an additional 2,613,635 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Autoliv by 915.3% in the second quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the auto parts company’s stock valued at $244,927,000 after buying an additional 2,010,970 shares during the last quarter. FMR LLC lifted its position in shares of Autoliv by 7.3% in the second quarter. FMR LLC now owns 1,821,095 shares of the auto parts company’s stock valued at $199,956,000 after buying an additional 123,781 shares during the last quarter. Edge Asset Management Inc. lifted its position in shares of Autoliv by 15.6% in the first quarter. Edge Asset Management Inc. now owns 1,719,166 shares of the auto parts company’s stock valued at $175,802,000 after buying an additional 232,363 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Autoliv by 1.8% in the second quarter. Vanguard Group Inc. now owns 1,400,499 shares of the auto parts company’s stock valued at $153,774,000 after buying an additional 24,364 shares during the last quarter. 34.76% 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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