Wells Fargo & Company Lowers Autoliv (NYSE:ALV) Price Target to $125.00

Autoliv (NYSE:ALV) had its price objective reduced by equities research analysts at Wells Fargo & Company from $129.00 to $125.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 4.32% from the stock’s previous close.

ALV has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft set a $133.00 price target on shares of Autoliv in a research report on Friday, October 10th. Mizuho upped their price target on Autoliv from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. Morgan Stanley set a $140.00 price target on Autoliv in a research report on Wednesday, November 26th. Cowen reissued a “buy” rating on shares of Autoliv in a report on Monday, October 20th. Finally, Evercore ISI boosted their price objective on Autoliv from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Autoliv has an average rating of “Moderate Buy” and a consensus target price of $130.63.

Autoliv Stock Up 3.2%

Shares of ALV stock opened at $119.82 on Tuesday. Autoliv has a twelve month low of $75.49 and a twelve month high of $129.54. The stock has a market cap of $9.10 billion, a P/E ratio of 12.38, a P/E/G ratio of 0.88 and a beta of 1.32. The stock has a 50 day moving average of $119.00 and a 200 day moving average of $117.28. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, October 17th. The auto parts company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.22. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Autoliv had a net margin of 7.09% and a return on equity of 31.22%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $1.84 EPS. As a group, sell-side analysts expect that Autoliv will post 9.51 EPS for the current year.

Institutional Investors Weigh In On Autoliv

A number of large investors have recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Autoliv in the 2nd quarter valued at approximately $110,368,000. LSV Asset Management raised its position in shares of Autoliv by 54.9% during the 3rd quarter. LSV Asset Management now owns 1,579,687 shares of the auto parts company’s stock valued at $195,091,000 after buying an additional 559,605 shares during the period. AQR Capital Management LLC lifted its holdings in Autoliv by 151.7% in the third quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock valued at $114,077,000 after acquiring an additional 556,651 shares during the last quarter. Swedbank AB grew its position in Autoliv by 26.3% in the second quarter. Swedbank AB now owns 2,397,735 shares of the auto parts company’s stock worth $268,307,000 after acquiring an additional 499,411 shares during the period. Finally, Invesco Ltd. increased its stake in Autoliv by 334.1% during the second quarter. Invesco Ltd. now owns 644,818 shares of the auto parts company’s stock worth $72,155,000 after acquiring an additional 496,261 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.