Autoliv (NYSE:ALV) PT Lowered to $75.00 at Citigroup

Autoliv (NYSE:ALVGet Rating) had its price objective reduced by Citigroup from $84.00 to $75.00 in a research note issued on Sunday, April 24th, The Fly reports. Citigroup’s price objective points to a potential downside of 1.12% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Autoliv from $123.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, April 21st. Zacks Investment Research lowered Autoliv from a “hold” rating to a “strong sell” rating and set a $65.00 target price on the stock. in a research report on Tuesday, April 5th. Jefferies Financial Group lowered their price objective on Autoliv from $121.00 to $108.00 and set a “buy” rating for the company in a research note on Tuesday, March 15th. Barclays decreased their target price on Autoliv from $115.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, April 7th. Finally, Mizuho reduced their target price on Autoliv from $110.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, April 20th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $94.69.

Shares of ALV traded up $1.19 during mid-day trading on Friday, reaching $75.85. The stock had a trading volume of 704,230 shares, compared to its average volume of 748,604. The firm has a market cap of $6.63 billion, a price-to-earnings ratio of 17.68 and a beta of 1.66. Autoliv has a 12 month low of $69.96 and a 12 month high of $110.59. The business has a fifty day moving average of $76.51 and a 200 day moving average of $92.14. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.98 and a current ratio of 1.28.

Autoliv (NYSE:ALVGet Rating) last issued its earnings results on Friday, April 22nd. The auto parts company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($1.00). Autoliv had a return on equity of 12.30% and a net margin of 4.46%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the previous year, the company earned $1.79 earnings per share. The firm’s revenue was down 5.3% on a year-over-year basis. On average, research analysts forecast that Autoliv will post 4.37 EPS for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. National Bank of Canada FI acquired a new stake in shares of Autoliv during the fourth quarter worth about $26,000. Cyrus J. Lawrence LLC purchased a new position in Autoliv in the 1st quarter valued at $26,000. IndexIQ Advisors LLC acquired a new stake in Autoliv in the fourth quarter valued at $28,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in Autoliv in the first quarter valued at $31,000. Finally, Quadrant Capital Group LLC lifted its holdings in Autoliv by 161.6% in the fourth quarter. Quadrant Capital Group LLC now owns 518 shares of the auto parts company’s stock valued at $54,000 after acquiring an additional 320 shares during the period. Institutional investors and hedge funds own 62.02% of the company’s stock.

About Autoliv (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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