Autoliv (NYSE:ALV) Stock Price Expected to Rise, Mizuho Analyst Says

Autoliv (NYSE:ALV) had its target price upped by equities researchers at Mizuho from $95.00 to $112.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the auto parts company’s stock. Mizuho’s target price indicates a potential upside of 9.78% from the stock’s previous close.

A number of other analysts have also commented on ALV. TD Cowen assumed coverage on Autoliv in a report on Friday, March 7th. They set a “buy” rating and a $116.00 price objective for the company. StockNews.com upgraded Autoliv from a “hold” rating to a “buy” rating in a report on Thursday, April 17th. Cowen initiated coverage on Autoliv in a research report on Thursday, March 6th. They issued a “buy” rating for the company. Robert W. Baird cut their price objective on shares of Autoliv from $105.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Finally, Pareto Securities lowered shares of Autoliv to a “hold” rating in a research note on Monday, February 3rd. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $114.00.

Autoliv Stock Performance

NYSE ALV opened at $102.03 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. The company has a fifty day simple moving average of $89.84 and a 200 day simple moving average of $94.29. Autoliv has a 12-month low of $75.49 and a 12-month high of $129.38. The company has a market cap of $7.89 billion, a P/E ratio of 12.64, a PEG ratio of 0.73 and a beta of 1.36.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.43. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. The firm had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the company earned $1.58 earnings per share. Sell-side analysts predict that Autoliv will post 9.51 earnings per share for the current fiscal year.

Insider Transactions at Autoliv

In other Autoliv news, CFO Fredrik Westin sold 1,803 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $99.19, for a total transaction of $178,839.57. Following the completion of the transaction, the chief financial officer now directly owns 7,261 shares of the company’s stock, valued at approximately $720,218.59. This represents a 19.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Magnus Jarlegren sold 1,289 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $98.83, for a total value of $127,391.87. Following the completion of the sale, the insider now directly owns 6,142 shares of the company’s stock, valued at $607,013.86. This represents 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 worth $915,534 in the last quarter. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Autoliv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALV. FMR LLC boosted its position in Autoliv by 9.9% during the fourth quarter. FMR LLC now owns 7,146,500 shares of the auto parts company’s stock worth $670,270,000 after purchasing an additional 641,895 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Autoliv by 418.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company’s stock worth $219,686,000 after buying an additional 2,004,515 shares during the period. FIL Ltd grew its stake in Autoliv by 17.3% in the 4th quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company’s stock valued at $223,433,000 after buying an additional 351,876 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Autoliv by 14.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,857,069 shares of the auto parts company’s stock valued at $164,257,000 after buying an additional 233,469 shares in the last quarter. Finally, Mondrian Investment Partners LTD raised its holdings in Autoliv by 4.5% during the 4th quarter. Mondrian Investment Partners LTD now owns 1,378,636 shares of the auto parts company’s stock valued at $133,259,000 after acquiring an additional 59,592 shares during the period. 69.57% of the stock is currently owned by 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.