Robert W. Baird Reaffirms “Hold” Rating for Autoliv, Inc. (ALV)
Autoliv, Inc. (NYSE:ALV)‘s stock had its “hold” rating restated by research analysts at Robert W. Baird in a research note issued to investors on Thursday.
ALV has been the subject of several other research reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $100.00 price target on shares of Autoliv in a report on Tuesday, August 29th. Mizuho raised Autoliv from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $108.00 to $130.00 in a report on Monday, July 17th. Evercore ISI reissued an “underperform” rating and set a $100.00 target price (up previously from $85.00) on shares of Autoliv in a report on Monday. Buckingham Research raised Autoliv from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $87.00 to $114.00 in a report on Friday, September 15th. Finally, Wells Fargo & Company lifted their target price on Autoliv to $140.00 and gave the stock an “outperform” rating in a report on Friday, September 15th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $111.90.
Shares of Autoliv (ALV) traded up 1.50% during trading on Thursday, reaching $124.43. 532,531 shares of the company were exchanged. The company has a 50 day moving average price of $109.98 and a 200-day moving average price of $107.14. The stock has a market capitalization of $10.81 billion, a price-to-earnings ratio of 19.66 and a beta of 1.12. Autoliv has a one year low of $93.31 and a one year high of $127.72.
Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.04). Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the business earned $1.75 EPS. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. Equities analysts predict that Autoliv will post $6.23 EPS for the current year.
In other Autoliv news, VP Thomas Jonsson sold 1,240 shares of Autoliv stock in a transaction dated Wednesday, July 26th. The stock was 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 in the company, valued at $250,859.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank grew its position in Autoliv by 26.9% in the first quarter. Toronto Dominion Bank now owns 971 shares of the auto parts company’s stock valued at $100,000 after acquiring an additional 206 shares during the last quarter. Victory Capital Management Inc. grew its position in Autoliv by 43.9% in the second quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock valued at $149,000 after acquiring an additional 414 shares during the last quarter. Teachers Advisors LLC grew its position in Autoliv by 288.3% in the second quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock valued at $156,000 after acquiring an additional 1,058 shares during the last quarter. Pacer Advisors Inc. grew its position in Autoliv by 3.2% in the first quarter. Pacer Advisors Inc. now owns 1,799 shares of the auto parts company’s stock valued at $184,000 after acquiring an additional 55 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Autoliv by 9.8% in the second quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock valued at $210,000 after acquiring an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 32.76% 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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