Autoliv, Inc. (ALV) Stock Rating Reaffirmed by Buckingham Research
Autoliv, Inc. (NYSE:ALV)‘s stock had its “sell” rating restated by research analysts at Buckingham Research in a report released on Thursday. They currently have a $87.00 price target on the auto parts company’s stock. Buckingham Research’s price target would indicate a potential downside of 31.60% from the stock’s previous close.
ALV has been the topic of several other research reports. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $100.00 price objective on shares of Autoliv in a research note on Tuesday, August 29th. Mizuho raised Autoliv from a “neutral” rating to a “buy” rating and lifted their target price for the company from $108.00 to $130.00 in a research note on Monday, July 17th. Wells Fargo & Company lifted their target price on Autoliv from $10.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday. They noted that the move was a valuation call. Pareto Securities raised Autoliv from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Morgan Stanley raised Autoliv from an “equal weight” rating to an “overweight” rating and set a $120.00 target price on the stock in a research note on Wednesday, May 24th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $109.20.
Autoliv (ALV) traded down 1.23% on Thursday, reaching $125.59. The company’s stock had a trading volume of 993,806 shares. The stock has a market cap of $10.92 billion, a P/E ratio of 19.84 and a beta of 1.12. The stock has a 50-day moving average of $108.74 and a 200-day moving average of $106.71. Autoliv has a one year low of $93.31 and a one year high of $127.72.
Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.44 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 company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the business earned $1.75 EPS. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, analysts predict that Autoliv will post $6.22 EPS for the current fiscal year.
In other Autoliv news, VP Thomas Jonsson sold 1,240 shares of Autoliv stock in a transaction 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 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 SEC, which is available at the SEC website. 0.25% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of ALV. Toronto Dominion Bank raised its position in Autoliv by 26.9% during the 1st quarter. Toronto Dominion Bank now owns 971 shares of the auto parts company’s stock valued at $100,000 after purchasing an additional 206 shares in the last quarter. Victory Capital Management Inc. raised its position in Autoliv by 43.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock valued at $149,000 after purchasing an additional 414 shares in the last quarter. Teachers Advisors LLC raised its position in Autoliv by 288.3% during the 2nd quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock valued at $156,000 after purchasing an additional 1,058 shares in the last quarter. Pacer Advisors Inc. raised its position in Autoliv by 3.2% during the 1st quarter. Pacer Advisors Inc. now owns 1,799 shares of the auto parts company’s stock valued at $184,000 after purchasing an additional 55 shares in the last quarter. Finally, IHT Wealth Management LLC raised its position in Autoliv by 34.8% during the 1st quarter. IHT Wealth Management LLC now owns 1,937 shares of the auto parts company’s stock valued at $188,000 after purchasing an additional 500 shares in the last quarter. 34.76% of the stock is owned by institutional investors and hedge funds.
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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