Autoliv (ALV) Rating Reiterated by Mizuho
Autoliv (NYSE:ALV)‘s stock had its “buy” rating reiterated by research analysts at Mizuho in a note issued to investors on Monday. They currently have a $140.00 target price on the auto parts company’s stock. Mizuho’s target price points to a potential upside of 9.59% from the company’s current price.
The analysts wrote, “We would note with APTV being strictly the Electronics and Safety segment now, the company is trading at ~1.7x F19E P/S, above the Powertrain segment (Delphi Technologies; DLPH) at ~1.0x and peer ALV at ~1x P/S. We believe an ALV split (with a decision expected late December) could unlock shareholder value as we show in subsequent pages.””
ALV has been the subject of several other reports. Royal Bank of Canada reaffirmed a “hold” rating and set a $100.00 target price on shares of Autoliv in a report on Tuesday, August 29th. Pareto Securities raised shares of Autoliv from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Evercore ISI reaffirmed an “underperform” rating and set a $100.00 target price (up from $85.00) on shares of Autoliv in a report on Monday, September 18th. Buckingham Research raised shares of Autoliv from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $87.00 to $114.00 in a report on Friday, September 15th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Autoliv in a report on Thursday, September 21st. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $110.48.
Autoliv (NYSE:ALV) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.14. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.50 billion. Autoliv had a net margin of 4.96% and a return on equity of 13.42%. Autoliv’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $1.63 EPS. equities research analysts anticipate that Autoliv will post 6.28 EPS for the current fiscal year.
In related news, insider Johan Lofvenholm sold 3,965 shares of Autoliv stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $128.00, for a total value of $507,520.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.25% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in ALV. Principal Financial Group Inc. grew 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 valued at $244,927,000 after acquiring an additional 2,010,970 shares during the period. Pictet Asset Management Ltd. grew its stake in Autoliv by 542.2% in the 3rd quarter. Pictet Asset Management Ltd. now owns 234,400 shares of the auto parts company’s stock valued at $28,972,000 after acquiring an additional 197,900 shares during the period. FMR LLC grew 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 valued at $199,956,000 after acquiring an additional 123,781 shares during the period. Dimensional Fund Advisors LP boosted its stake in Autoliv by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 813,363 shares of the auto parts company’s stock worth $89,305,000 after purchasing an additional 85,971 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Autoliv by 151.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 108,109 shares of the auto parts company’s stock worth $11,870,000 after purchasing an additional 65,066 shares during the last quarter. 33.54% of the stock is currently owned by hedge funds and other institutional investors.
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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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