Autoliv (NYSE:ALV) Price Target Raised to $145.00

Autoliv (NYSE:ALV) had its price target lifted by Bank of America from $135.00 to $145.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the auto parts company’s stock. Bank of America‘s price target would indicate a potential upside of 19.18% from the stock’s previous close.

ALV has been the topic of several other research reports. JPMorgan Chase & Co. upped their price target on Autoliv from $117.00 to $129.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Berenberg Bank upgraded shares of Autoliv from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Friday, January 12th. Barclays lifted their price objective on shares of Autoliv from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Robert W. Baird lifted their price objective on shares of Autoliv from $133.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Wolfe Research cut shares of Autoliv from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $123.30.

Autoliv Price Performance

Shares of NYSE ALV traded down $0.63 during trading on Monday, hitting $121.66. The company had a trading volume of 92,364 shares, compared to its average volume of 539,256. The company has a market cap of $9.91 billion, a P/E ratio of 18.98, a PEG ratio of 0.81 and a beta of 1.72. Autoliv has a 52 week low of $79.66 and a 52 week high of $125.91. The business’s 50-day moving average is $117.74 and its 200 day moving average is $108.09. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.82 and a current ratio of 1.10.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, January 26th. The auto parts company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.37 by $0.37. The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Autoliv had a return on equity of 29.84% and a net margin of 5.10%. The firm’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 earnings per share. Equities research analysts predict that Autoliv will post 9.67 earnings per share for the current fiscal year.

Insider Activity at Autoliv

In related news, CEO Mikael Bratt sold 4,226 shares of Autoliv stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total value of $463,676.72. Following the completion of the sale, the chief executive officer now owns 17,547 shares of the company’s stock, valued at approximately $1,925,256.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Anthony J. Nellis sold 760 shares of Autoliv stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $110.00, for a total value of $83,600.00. Following the completion of the sale, the executive vice president now owns 4,859 shares of the company’s stock, valued at approximately $534,490. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mikael Bratt sold 4,226 shares of Autoliv stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total transaction of $463,676.72. Following the completion of the sale, the chief executive officer now directly owns 17,547 shares of the company’s stock, valued at approximately $1,925,256.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,388 shares of company stock valued at $921,757. Insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. XY Capital Ltd lifted its position in Autoliv by 36.9% during the 1st quarter. XY Capital Ltd now owns 5,704 shares of the auto parts company’s stock worth $687,000 after acquiring an additional 1,537 shares during the last quarter. New York State Teachers Retirement System raised its position in shares of Autoliv by 22.2% during the first quarter. New York State Teachers Retirement System now owns 37,163 shares of the auto parts company’s stock valued at $4,476,000 after buying an additional 6,745 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Autoliv by 5.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 480,088 shares of the auto parts company’s stock valued at $57,817,000 after buying an additional 25,478 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Autoliv by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the auto parts company’s stock valued at $2,553,000 after buying an additional 200 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in Autoliv by 6.5% in the first quarter. Fifth Third Bancorp now owns 3,527 shares of the auto parts company’s stock valued at $425,000 after acquiring an additional 216 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

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.