Autoliv, Inc. (NYSE:ALV)‘s stock had its “underperform” rating reaffirmed by stock analysts at Evercore ISI in a research note issued to investors on Monday. They presently have a $100.00 price objective on the auto parts company’s stock, up from their prior price objective of $85.00. Evercore ISI’s price objective would indicate a potential downside of 17.73% from the company’s previous close.
A number of other brokerages also recently issued reports on ALV. Mizuho boosted their price objective on shares of Autoliv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, September 15th. BidaskClub downgraded shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Bank of America Corporation cut their price objective on shares of Autoliv from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Tuesday, July 25th. Royal Bank of Canada reissued a “hold” rating and set a $98.00 price objective on shares of Autoliv in a research report on Thursday, July 6th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $119.00 price objective on shares of Autoliv in a research report on Friday, June 16th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $110.60.
Autoliv (NYSE ALV) opened at 121.55 on Monday. The company has a market capitalization of $10.56 billion, a price-to-earnings ratio of 19.20 and a beta of 1.12. Autoliv has a 12-month low of $93.31 and a 12-month high of $127.72. The stock has a 50 day moving average price of $109.98 and a 200-day moving average price of $107.14.
Autoliv (NYSE:ALV) last announced its 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 for the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. Autoliv’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.75 earnings per share. Equities analysts predict that Autoliv will post $6.23 EPS for the current fiscal year.
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In other Autoliv news, VP Thomas Jonsson sold 1,240 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total transaction of $134,602.00. Following the completion of the transaction, the vice president now 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 can be accessed through the SEC website. 0.25% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA boosted its holdings in shares of Autoliv by 20.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 14,626 shares of the auto parts company’s stock valued at $1,606,000 after purchasing an additional 2,488 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Autoliv during the 1st quarter valued at about $1,434,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of Autoliv by 132.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,255 shares of the auto parts company’s stock valued at $669,000 after purchasing an additional 3,561 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Autoliv by 915.3% during the 2nd quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the auto parts company’s stock valued at $244,927,000 after purchasing an additional 2,010,970 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Autoliv by 10.3% during 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 purchasing an additional 1,007 shares during the last quarter. 32.76% of the stock is 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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