Autoliv, Inc. (ALV) Upgraded to “Neutral” at Buckingham Research
Autoliv, Inc. (NYSE:ALV) was upgraded by Buckingham Research from an “underperform” rating to a “neutral” rating in a research report issued on Friday, MarketBeat reports. The firm currently has a $114.00 price objective on the auto parts company’s stock, up from their previous price objective of $87.00. Buckingham Research’s price target would suggest a potential downside of 9.13% from the stock’s current price.
A number of other research firms have also recently weighed in on ALV. Deutsche Bank AG reiterated a “hold” rating and issued a $120.00 target price (up from $101.00) on shares of Autoliv in a research note on Thursday. ValuEngine upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Friday. Citigroup Inc. boosted their target price on shares of Autoliv from $105.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday. Mizuho boosted their target price on shares of Autoliv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday. Finally, Wells Fargo & Company boosted their target price on shares of 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. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. Autoliv presently has a consensus rating of “Hold” and an average target price of $109.20.
Shares of Autoliv (NYSE ALV) traded down 1.34% during midday trading on Friday, reaching $125.45. 1,409,311 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $108.74 and a 200 day moving average price of $106.71. The firm has a market cap of $10.90 billion, a PE ratio of 19.82 and a beta of 1.12. Autoliv has a 12 month low of $93.31 and a 12 month high of $127.72.
Autoliv (NYSE:ALV) last released 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 company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.75 earnings per share. Equities research analysts predict that Autoliv will post $6.22 earnings per share for the current year.
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In other news, VP Thomas Jonsson sold 1,240 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total value of $134,602.00. Following the transaction, the vice president now owns 2,311 shares of the company’s stock, valued at approximately $250,859.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of ALV. Toronto Dominion Bank increased its holdings in shares of 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. increased its holdings in shares of 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 increased its holdings in shares of 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. increased its holdings in shares of 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 increased its holdings in shares of 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. 34.76% of the stock is currently owned by hedge funds and other institutional investors.
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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