TD Cowen Has Lowered Expectations for Autoliv (NYSE:ALV) Stock Price

Autoliv (NYSE:ALV) had its price target cut by equities research analysts at TD Cowen from $150.00 to $148.00 in a report issued on Monday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the auto parts company’s stock. TD Cowen’s price objective would indicate a potential upside of 25.78% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Barclays cut their price objective on Autoliv from $140.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, March 30th. Royal Bank Of Canada lifted their target price on Autoliv from $138.00 to $148.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Robert W. Baird upped their target price on Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Wall Street Zen downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Bank of America started coverage on shares of Autoliv in a research report on Thursday, April 16th. They set a “buy” rating and a $140.00 price target for the company. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.93.

Autoliv Price Performance

Shares of ALV opened at $117.67 on Monday. The firm has a market capitalization of $8.62 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 0.78 and a beta of 1.35. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 0.79. Autoliv has a 1-year low of $99.16 and a 1-year high of $132.17. The company’s fifty day moving average price is $121.73 and its 200-day moving average price is $118.60.

Autoliv (NYSE:ALV) last released its earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.46 by ($0.03). The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. Autoliv had a net margin of 5.79% and a return on equity of 29.36%. Autoliv’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.21 earnings per share. On average, equities research analysts predict that Autoliv will post 10.52 EPS for the current year.

Insider Buying and Selling

In related news, Director Jan Carlson sold 19,607 shares of Autoliv stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the completion of the transaction, the director directly owned 60,000 shares in the company, valued at approximately $7,800,000. This trade represents a 24.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Autoliv

Several hedge funds have recently bought and sold shares of the stock. UMB Bank n.a. grew its position in Autoliv by 11.0% in the fourth quarter. UMB Bank n.a. now owns 825 shares of the auto parts company’s stock worth $98,000 after acquiring an additional 82 shares during the period. CIBC Private Wealth Group LLC raised its position in Autoliv by 5.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,677 shares of the auto parts company’s stock valued at $199,000 after purchasing an additional 83 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Autoliv by 21.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the auto parts company’s stock valued at $66,000 after purchasing an additional 98 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of Autoliv by 5.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,037 shares of the auto parts company’s stock valued at $214,000 after purchasing an additional 99 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Autoliv by 0.7% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 14,096 shares of the auto parts company’s stock worth $1,482,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Company Profile

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.