Autoliv, Inc. (NYSE:ALV)‘s stock had its “hold” rating reaffirmed by equities research analysts at Deutsche Bank AG in a research note issued on Thursday, September 14th. They currently have a $120.00 price target on the auto parts company’s stock, up from their prior price target of $101.00. Deutsche Bank AG’s target price would indicate a potential downside of 2.91% from the company’s current price.
A number of other brokerages have also weighed in on ALV. Mizuho raised shares of Autoliv from a “neutral” rating to a “buy” rating and raised their price target for the company from $108.00 to $130.00 in a report on Monday, July 17th. BidaskClub raised shares of Autoliv from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $98.00 target price on shares of Autoliv in a report on Thursday, July 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $119.00 target price on shares of Autoliv in a report on Friday, June 16th. Finally, Bank of America Corporation lowered their target price on shares of Autoliv from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Tuesday, July 25th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the stock. Autoliv has an average rating of “Hold” and an average price target of $112.29.
Shares of Autoliv (NYSE ALV) traded up 0.14% during trading on Thursday, reaching $123.60. The company had a trading volume of 485,060 shares. Autoliv has a 12-month low of $93.31 and a 12-month high of $127.72. The firm has a 50-day moving average of $109.98 and a 200-day moving average of $107.14. The company has a market cap of $10.74 billion, a P/E ratio of 19.53 and a beta of 1.12.
Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.75 EPS. On average, equities research analysts anticipate that Autoliv will post $6.23 EPS for the current year.
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In related news, VP Thomas Jonsson sold 1,240 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total value of $134,602.00. Following the sale, the vice president now directly owns 2,311 shares of the company’s stock, valued at approximately $250,859.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.25% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of ALV. Strs Ohio lifted its position in Autoliv by 6.4% in the 1st quarter. Strs Ohio now owns 10,668 shares of the auto parts company’s stock valued at $1,090,000 after acquiring an additional 637 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Autoliv by 10.3% in the 1st quarter. Russell Investments Group Ltd. now owns 10,754 shares of the auto parts company’s stock valued at $1,100,000 after acquiring an additional 1,007 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Autoliv by 356.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 23,398 shares of the auto parts company’s stock valued at $2,393,000 after acquiring an additional 18,275 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in Autoliv by 1.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 53,382 shares of the auto parts company’s stock valued at $5,450,000 after acquiring an additional 980 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in Autoliv by 4.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 9,627 shares of the auto parts company’s stock valued at $984,000 after acquiring an additional 400 shares in the last quarter. 32.76% of the stock is currently owned by institutional investors and hedge funds.
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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