Autoliv (NYSE:ALV) PT Lowered to $100.00

Autoliv (NYSE:ALVGet Rating) had its price objective reduced by research analysts at Mizuho from $110.00 to $100.00 in a report released on Wednesday, The Fly reports. Mizuho’s price objective points to a potential upside of 31.94% from the stock’s current price.

Several other research analysts also recently weighed in on ALV. Barclays cut their price target on Autoliv from $115.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, April 7th. Deutsche Bank Aktiengesellschaft upgraded Autoliv from a “hold” rating to a “buy” rating and increased their price target for the stock from $117.00 to $123.00 in a research note on Tuesday, February 1st. Wells Fargo & Company cut their price target on Autoliv from $100.00 to $87.00 and set an “equal weight” rating for the company in a research note on Friday, April 1st. Credit Suisse Group started coverage on Autoliv in a research note on Thursday, February 17th. They set a “neutral” rating and a $105.00 price target for the company. Finally, Citigroup cut their price target on Autoliv from $102.00 to $84.00 in a research note on Tuesday, April 5th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $102.69.

Shares of Autoliv stock opened at $75.79 on Wednesday. Autoliv has a 1 year low of $70.15 and a 1 year high of $110.59. The firm has a market cap of $6.63 billion, a PE ratio of 15.25 and a beta of 1.77. The stock has a fifty day moving average price of $81.58 and a 200-day moving average price of $93.36. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.30 and a quick ratio of 1.03.

Autoliv (NYSE:ALVGet Rating) last announced its earnings results on Friday, January 28th. The auto parts company reported $1.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.30. Autoliv had a return on equity of 17.00% and a net margin of 5.30%. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period last year, the firm posted $2.19 EPS. The business’s revenue was down 15.8% compared to the same quarter last year. As a group, equities analysts anticipate that Autoliv will post 6.62 EPS for the current fiscal year.

In related news, insider Fredrik Westin sold 1,060 shares of the firm’s stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $75.38, for a total transaction of $79,902.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mikael Bratt sold 935 shares of the firm’s stock in a transaction dated Wednesday, February 23rd. The shares were sold at an average price of $97.33, for a total value of $91,003.55. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. National Bank of Canada FI purchased a new position in Autoliv in the 4th quarter worth approximately $26,000. IndexIQ Advisors LLC purchased a new position in Autoliv in the 4th quarter worth approximately $28,000. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in Autoliv in the 1st quarter worth approximately $31,000. Quadrant Capital Group LLC increased its stake in Autoliv by 161.6% in the 4th quarter. Quadrant Capital Group LLC now owns 518 shares of the auto parts company’s stock worth $54,000 after purchasing an additional 320 shares during the period. Finally, Allegheny Financial Group LTD purchased a new position in Autoliv in the 4th quarter worth approximately $86,000. 53.46% of the stock is currently owned by institutional investors.

Autoliv Company Profile (Get Rating)

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, inflator technologies, and battery cut-off switches, as well as anti-whiplash systems and pedestrian protection systems, and connected safety services and solutions for riders of powered two wheelers.

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