Autoliv (ALV) Given New $142.00 Price Target at Royal Bank of Canada

Autoliv (NYSE:ALV) had its price objective upped by research analysts at Royal Bank of Canada to $142.00 in a note issued to investors on Wednesday, The Fly reports. The firm currently has a “sector perform” rating on the auto parts company’s stock. Royal Bank of Canada’s target price indicates a potential downside of 5.00% from the stock’s previous close.

ALV has been the topic of a number of other reports. Jefferies Group set a $145.00 price objective on shares of Autoliv and gave the company a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research raised shares of Autoliv from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Wednesday, November 1st. ValuEngine upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. KeyCorp reiterated a “buy” rating and set a $146.00 target price (up previously from $136.00) on shares of Autoliv in a research report on Monday, November 6th. Finally, Piper Jaffray Companies set a $99.00 target price on shares of Autoliv and gave the company a “hold” rating in a research report on Monday, October 16th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. Autoliv currently has a consensus rating of “Hold” and a consensus price target of $118.70.

Shares of Autoliv (NYSE ALV) opened at $149.48 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.55 and a quick ratio of 1.23. Autoliv has a 12 month low of $96.08 and a 12 month high of $150.40. The company has a market cap of $12,027.36, a price-to-earnings ratio of 25.77, a PEG ratio of 2.38 and a beta of 1.11.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Tuesday, January 30th. The auto parts company reported $2.03 EPS for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.30. Autoliv had a net margin of 4.96% and a return on equity of 13.42%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period in the prior year, the firm posted $1.71 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. sell-side analysts anticipate that Autoliv will post 6.25 earnings per share for the current year.

In other Autoliv news, insider Johan Lofvenholm sold 3,965 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $128.00, for a total transaction of $507,520.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank raised its holdings in Autoliv by 11.7% during the second quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock worth $119,000 after buying an additional 114 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Autoliv in the 4th quarter worth $152,000. Teachers Advisors LLC grew its stake in shares of Autoliv by 288.3% in the 2nd quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after acquiring an additional 1,058 shares in the last quarter. ARP Americas LLC bought a new stake in shares of Autoliv in the 3rd quarter worth $235,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Autoliv by 9.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock worth $210,000 after acquiring an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 33.56% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Autoliv (NYSE:ALV)