Mizuho Issues Pessimistic Forecast for Autoliv (NYSE:ALV) Stock Price

Autoliv (NYSE:ALV) had its price target reduced by analysts at Mizuho from $112.00 to $95.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the auto parts company’s stock. Mizuho’s price target indicates a potential upside of 18.72% from the company’s current price.

Other research analysts also recently issued research reports about the stock. TD Cowen initiated coverage on shares of Autoliv in a report on Friday, March 7th. They issued a “buy” rating and a $116.00 target price for the company. Hsbc Global Res lowered Autoliv from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Wells Fargo & Company cut their target price on Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. Cowen assumed coverage on Autoliv in a report on Thursday, March 6th. They issued a “buy” rating on the stock. Finally, StockNews.com lowered shares of Autoliv from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Ten analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.93.

Autoliv Trading Up 0.4 %

Autoliv stock opened at $80.02 on Thursday. The business has a 50-day simple moving average of $91.55 and a two-hundred day simple moving average of $94.62. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. The company has a market cap of $6.20 billion, a P/E ratio of 9.92, a P/E/G ratio of 0.73 and a beta of 1.47. Autoliv has a 52-week low of $75.49 and a 52-week high of $129.38.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 EPS for the quarter, topping the consensus estimate of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. Analysts predict that Autoliv will post 9.51 EPS for the current year.

Insider Buying and Selling at Autoliv

In related news, CFO Fredrik Westin sold 1,803 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total value of $178,839.57. Following the completion of the sale, the chief financial officer now directly owns 7,261 shares of the company’s stock, valued at $720,218.59. This represents a 19.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Magnus Jarlegren sold 1,289 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $98.83, for a total transaction of $127,391.87. Following the transaction, the insider now owns 6,142 shares in the company, valued at approximately $607,013.86. The trade was a 17.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,253 shares of company stock valued at $915,534 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Autoliv

Several institutional investors have recently bought and sold shares of ALV. Barclays PLC boosted its position in Autoliv by 41.5% during the 3rd quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock valued at $2,821,000 after acquiring an additional 8,859 shares in the last quarter. Geode Capital Management LLC boosted its position in Autoliv by 10.8% during the third quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock valued at $92,221,000 after purchasing an additional 95,888 shares in the last quarter. Virtu Financial LLC bought a new stake in Autoliv during the third quarter valued at about $1,684,000. JPMorgan Chase & Co. grew its stake in Autoliv by 38.3% in the third quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company’s stock valued at $25,800,000 after purchasing an additional 76,510 shares during the last quarter. Finally, Fortem Financial Group LLC raised its holdings in Autoliv by 3.5% in the fourth quarter. Fortem Financial Group LLC now owns 6,753 shares of the auto parts company’s stock worth $633,000 after purchasing an additional 228 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

About Autoliv

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.