Autoliv (NYSE:ALV) PT Lowered to $128.00

Autoliv (NYSE:ALV) had its price target cut by research analysts at Robert W. Baird from $135.00 to $128.00 in a report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the auto parts company’s stock. Robert W. Baird’s target price would suggest a potential upside of 16.05% from the company’s previous close.

ALV has been the topic of several other research reports. BNP Paribas started coverage on Autoliv in a research report on Tuesday, June 18th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. raised their target price on Autoliv from $117.00 to $129.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Bank of America raised their price target on Autoliv from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Mizuho raised their price target on Autoliv from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Finally, UBS Group upgraded Autoliv from a “neutral” rating to a “buy” rating and raised their price target for the stock from $102.00 to $141.00 in a research note on Tuesday, May 28th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $128.64.

Autoliv Stock Up 1.2 %

ALV stock traded up $1.34 during mid-day trading on Friday, reaching $110.30. The company had a trading volume of 252,779 shares, compared to its average volume of 605,246. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.82 and a current ratio of 1.10. The company has a market capitalization of $8.98 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 0.65 and a beta of 1.61. The firm has a fifty day simple moving average of $117.14 and a 200 day simple moving average of $114.71. Autoliv has a fifty-two week low of $89.37 and a fifty-two week high of $129.38.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, April 26th. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.18. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a return on equity of 29.84% and a net margin of 5.10%. Analysts forecast that Autoliv will post 9.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jan Carlson sold 1,900 shares of Autoliv stock in a transaction on Friday, May 31st. The stock was sold at an average price of $126.75, for a total transaction of $240,825.00. Following the completion of the transaction, the director now directly owns 77,493 shares of the company’s stock, valued at $9,822,237.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Autoliv

Several hedge funds and other institutional investors have recently bought and sold shares of ALV. American Century Companies Inc. raised its holdings in Autoliv by 45.6% during the third quarter. American Century Companies Inc. now owns 68,099 shares of the auto parts company’s stock worth $6,570,000 after purchasing an additional 21,325 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Autoliv by 5.0% in the third quarter. Citigroup Inc. now owns 8,253 shares of the auto parts company’s stock worth $796,000 after acquiring an additional 392 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Autoliv by 91.7% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 26,658 shares of the auto parts company’s stock worth $2,572,000 after acquiring an additional 12,750 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Autoliv by 6.7% in the third quarter. Vanguard Group Inc. now owns 2,136,224 shares of the auto parts company’s stock worth $206,103,000 after acquiring an additional 133,746 shares during the last quarter. Finally, Rise Advisors LLC raised its holdings in shares of Autoliv by 84.1% in the fourth quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock worth $29,000 after acquiring an additional 122 shares during the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

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.