Autoliv (NYSE:ALV)‘s stock had its “in-line” rating reaffirmed by equities research analysts at Mizuho in a research report issued to clients and investors on Monday, October 29th, The Fly reports. They currently have a $97.00 target price on the auto parts company’s stock. Mizuho’s price target suggests a potential upside of 11.88% from the company’s previous close.
A number of other analysts have also recently commented on ALV. Royal Bank of Canada lowered their target price on shares of Autoliv to $110.00 and set a “sector perform” rating for the company in a research note on Monday, July 2nd. They noted that the move was a valuation call. Evercore ISI upgraded shares of Autoliv from an “underperform” rating to an “in-line” rating in a research note on Monday, July 2nd. ValuEngine cut shares of Autoliv from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. UBS Group upgraded shares of Autoliv from a “sell” rating to a “neutral” rating and set a $107.00 price objective for the company in a research note on Tuesday, July 3rd. Finally, Zacks Investment Research cut shares of Autoliv from a “hold” rating to a “sell” rating in a research note on Tuesday, July 3rd. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $112.00.
Shares of NYSE:ALV traded up $2.59 during trading on Monday, reaching $86.70. The stock had a trading volume of 478,106 shares, compared to its average volume of 901,872. The stock has a market capitalization of $7.33 billion, a P/E ratio of 13.18, a P/E/G ratio of 0.71 and a beta of 1.17. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.96 and a current ratio of 1.25. Autoliv has a one year low of $75.99 and a one year high of $115.37.
Autoliv (NYSE:ALV) last released its earnings results on Friday, October 26th. The auto parts company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.23). The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.08 billion. Autoliv had a return on equity of 20.06% and a net margin of 3.52%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the business earned $1.64 earnings per share. On average, research analysts forecast that Autoliv will post 7.15 EPS for the current year.
In related news, Director Jan Carlson sold 42,589 shares of the business’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $89.53, for a total value of $3,812,993.17. Following the completion of the sale, the director now owns 53,579 shares of the company’s stock, valued at approximately $4,796,927.87. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.25% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Legacy Advisors LLC purchased a new stake in Autoliv in the 2nd quarter worth $176,000. Engineers Gate Manager LP acquired a new stake in Autoliv during the 2nd quarter worth $201,000. Gideon Capital Advisors Inc. acquired a new stake in Autoliv during the 3rd quarter worth $203,000. GSA Capital Partners LLP acquired a new stake in Autoliv during the 2nd quarter worth $204,000. Finally, Mackenzie Financial Corp acquired a new stake in Autoliv during the 3rd quarter worth $209,000. 30.08% of the stock is owned by institutional investors.
Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.
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