Autoliv, Inc. (ALV) Price Target Raised to $136.00
Autoliv, Inc. (NYSE:ALV) had its price objective raised by investment analysts at KeyCorp from $124.00 to $136.00 in a research report issued to clients and investors on Friday. The brokerage currently has an “overweight” rating on the auto parts company’s stock. KeyCorp’s price target would indicate a potential upside of 6.93% from the stock’s previous close.
A number of other brokerages have also weighed in on ALV. Zacks Investment Research raised Autoliv from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 23rd. Morgan Stanley raised 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 reaffirmed a “buy” rating and issued 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 issued a “neutral” rating and a $102.00 price objective on the stock. Finally, BidaskClub lowered Autoliv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $109.20.
Shares of Autoliv (ALV) traded down 1.23% during trading on Friday, hitting $125.59. The stock had a trading volume of 993,806 shares. Autoliv has a 12-month low of $93.31 and a 12-month high of $127.72. The stock’s 50-day moving average is $108.74 and its 200-day moving average is $106.71. The stock has a market cap of $10.92 billion, a price-to-earnings ratio of 19.84 and a beta of 1.12.
Autoliv (NYSE:ALV) last released its quarterly earnings results 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 13.96% and a net margin of 5.44%. The company 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 business earned $1.75 EPS. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities research analysts expect that Autoliv will post $6.22 EPS for the current year.
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In related news, VP Thomas Jonsson sold 1,240 shares of Autoliv stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $108.55, for a total transaction of $134,602.00. Following the completion of the transaction, the vice president now directly owns 2,311 shares in the company, valued at approximately $250,859.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.25% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of ALV. Strs Ohio raised its holdings in Autoliv by 6.4% in the 1st quarter. Strs Ohio now owns 10,668 shares of the auto parts company’s stock valued at $1,090,000 after acquiring an additional 637 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Autoliv by 10.3% in the 1st quarter. Russell Investments Group Ltd. now owns 10,754 shares of the auto parts company’s stock valued at $1,100,000 after acquiring an additional 1,007 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in Autoliv by 356.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 23,398 shares of the auto parts company’s stock valued at $2,393,000 after acquiring an additional 18,275 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in Autoliv by 1.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 53,382 shares of the auto parts company’s stock valued at $5,450,000 after acquiring an additional 980 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in Autoliv by 4.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 9,627 shares of the auto parts company’s stock valued at $984,000 after acquiring an additional 400 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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