Autoliv, Inc. (ALV) Price Target Raised to $140.00 at Mizuho
Autoliv, Inc. (NYSE:ALV) had its price target hoisted by research analysts at Mizuho from $130.00 to $140.00 in a research note issued on Friday. The brokerage presently has a “buy” rating on the auto parts company’s stock. Mizuho’s price target suggests a potential upside of 10.08% from the stock’s previous close.
ALV has been the subject of several other research reports. BidaskClub lowered shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Bank of America Corporation lowered their price target on shares of Autoliv from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Tuesday, July 25th. Royal Bank Of Canada restated a “hold” rating and set a $98.00 price target on shares of Autoliv in a research report on Thursday, July 6th. Jefferies Group LLC restated a “buy” rating and set a $119.00 price target on shares of Autoliv in a research report on Friday, June 16th. Finally, Citigroup Inc. upped their price target on shares of Autoliv to $129.00 and gave the stock a “neutral” rating in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. Autoliv currently has an average rating of “Hold” and a consensus price target of $107.97.
Shares of Autoliv (NYSE ALV) opened at 127.18 on Friday. Autoliv has a one year low of $93.31 and a one year high of $127.72. The stock has a 50 day moving average of $108.74 and a 200 day moving average of $106.71. The stock has a market cap of $11.05 billion, a P/E ratio of 20.09 and a beta of 1.12.
Autoliv (NYSE:ALV) last issued its earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.04). The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period last year, the company posted $1.75 earnings per share. Equities analysts expect that Autoliv will post $6.22 EPS for the current fiscal year.
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In other Autoliv news, VP Thomas Jonsson sold 1,240 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were 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 approximately $250,859.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Toronto Dominion Bank lifted its stake in Autoliv by 11.7% during the second quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock valued at $119,000 after buying an additional 114 shares in the last quarter. Colony Group LLC purchased a new stake in Autoliv during the second quarter valued at about $247,000. California State Teachers Retirement System purchased a new stake in Autoliv during the second quarter valued at about $733,000. Raymond James Financial Services Advisors Inc. lifted its stake in Autoliv by 0.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,404 shares of the auto parts company’s stock valued at $1,033,000 after buying an additional 28 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Autoliv by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 3,236 shares of the auto parts company’s stock valued at $355,000 after buying an additional 249 shares in 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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