Citigroup Inc. Boosts Autoliv, Inc. (ALV) Price Target to $129.00
Autoliv, Inc. (NYSE:ALV) had its price objective upped by equities researchers at Citigroup Inc. from $105.00 to $129.00 in a research report issued on Friday. The firm presently has a “neutral” rating on the auto parts company’s stock. Citigroup Inc.’s price target suggests a potential upside of 2.83% from the company’s previous close.
A number of other brokerages also recently commented on ALV. BidaskClub downgraded shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Bank of America Corporation decreased their price objective 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 reissued a “hold” rating and issued a $98.00 price objective on shares of Autoliv in a research report on Thursday, July 6th. Jefferies Group LLC reissued a “buy” rating and issued a $119.00 price objective on shares of Autoliv in a research report on Friday, June 16th. Finally, CLSA started coverage on shares of Autoliv in a research report on Thursday, June 22nd. They issued a “hold” rating and a $102.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $109.20.
Autoliv (NYSE ALV) traded down 1.34% during midday trading on Friday, reaching $125.45. 1,409,311 shares of the company’s stock were exchanged. The firm 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. The company has a market cap of $10.90 billion, a price-to-earnings ratio of 19.82 and a beta of 1.12.
Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The firm 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 business’s revenue was down 1.3% on a year-over-year basis. Analysts anticipate that Autoliv will post $6.22 EPS for the current year.
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In other Autoliv news, VP Thomas Jonsson sold 1,240 shares of Autoliv 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 owns 2,311 shares in the company, valued at approximately $250,859.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its stake in Autoliv by 2,592.0% in the 1st quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock worth $277,583,000 after purchasing an additional 2,613,635 shares in the last quarter. Principal Financial Group Inc. raised its stake in Autoliv by 915.3% in the 2nd quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the auto parts company’s stock worth $244,927,000 after purchasing an additional 2,010,970 shares in the last quarter. FMR LLC raised its stake in Autoliv by 7.3% in the 2nd quarter. FMR LLC now owns 1,821,095 shares of the auto parts company’s stock worth $199,956,000 after purchasing an additional 123,781 shares in the last quarter. Edge Asset Management Inc. raised its stake in Autoliv by 15.6% in the 1st quarter. Edge Asset Management Inc. now owns 1,719,166 shares of the auto parts company’s stock worth $175,802,000 after purchasing an additional 232,363 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Autoliv by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,400,499 shares of the auto parts company’s stock worth $153,774,000 after purchasing an additional 24,364 shares in the last quarter. Institutional investors and hedge funds own 34.76% of the company’s stock.
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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