Longbow Research Begins Coverage on Autoliv (ALV)
Investment analysts at Longbow Research initiated coverage on shares of Autoliv (NYSE:ALV) in a report issued on Friday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $155.00 price target on the auto parts company’s stock. Longbow Research’s target price would indicate a potential upside of 18.52% from the company’s previous close.
Several other research firms have also recently weighed in on ALV. Deutsche Bank reaffirmed a “hold” rating and issued a $120.00 price target (up previously from $101.00) on shares of Autoliv in a report on Thursday, September 14th. ValuEngine raised Autoliv from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Citigroup increased their target price on Autoliv from $105.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, September 15th. Mizuho increased their target price on Autoliv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 15th. Finally, Wells Fargo & Co increased their target price on Autoliv to $140.00 and gave the company an “outperform” rating in a research note on Friday, September 15th. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $112.60.
Autoliv (ALV) traded up $1.78 during trading on Friday, reaching $130.78. The company had a trading volume of 563,500 shares, compared to its average volume of 397,967. The company has a current ratio of 1.55, a quick ratio of 1.23 and a debt-to-equity ratio of 0.31. Autoliv has a fifty-two week low of $96.08 and a fifty-two week high of $130.98. The stock has a market capitalization of $11,600.00, a P/E ratio of 22.55, a price-to-earnings-growth ratio of 2.22 and a beta of 1.11.
Autoliv (NYSE:ALV) last issued its earnings results on Thursday, October 26th. The auto parts company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.14. Autoliv had a net margin of 4.96% and a return on equity of 13.42%. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the firm posted $1.63 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. equities analysts anticipate that Autoliv will post 6.28 earnings per share for the current year.
In other Autoliv news, insider Johan Lofvenholm sold 3,965 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $128.00, for a total transaction of $507,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in ALV. Schwab Charles Investment Management Inc. boosted its holdings in Autoliv by 6.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 166,814 shares of the auto parts company’s stock worth $18,317,000 after purchasing an additional 9,985 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Autoliv by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 14,030 shares of the auto parts company’s stock worth $1,540,000 after acquiring an additional 140 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Autoliv during the 2nd quarter worth $437,000. State Board of Administration of Florida Retirement System boosted its stake in shares of Autoliv by 3.2% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 9,937 shares of the auto parts company’s stock worth $1,091,000 after acquiring an additional 310 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Autoliv by 43.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock worth $149,000 after acquiring an additional 414 shares during the last quarter. 33.51% of the stock is owned by 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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