Robert W. Baird Forecasts Strong Price Appreciation for Autoliv (NYSE:ALV) Stock

Autoliv (NYSE:ALV) had its price objective boosted by research analysts at Robert W. Baird from $119.00 to $130.00 in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm presently has a “neutral” rating on the auto parts company’s stock. Robert W. Baird’s price objective suggests a potential upside of 9.09% from the company’s current price.

Several other analysts also recently weighed in on ALV. Royal Bank Of Canada dropped their price objective on Autoliv from $146.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, February 2nd. Weiss Ratings downgraded Autoliv from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, April 7th. Jefferies Financial Group downgraded Autoliv from a “buy” rating to a “hold” rating and dropped their target price for the company from $150.00 to $120.00 in a research report on Tuesday, April 14th. Wells Fargo & Company dropped their target price on Autoliv from $125.00 to $113.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. Finally, Evercore dropped their target price on Autoliv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $134.44.

Autoliv Price Performance

Shares of ALV stock opened at $119.17 on Monday. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. Autoliv has a twelve month low of $84.60 and a twelve month high of $130.14. The company has a market cap of $8.92 billion, a P/E ratio of 12.81, a P/E/G ratio of 0.80 and a beta of 1.35. The business has a fifty day simple moving average of $112.11 and a 200 day simple moving average of $117.87.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, April 17th. The auto parts company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.21. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the company earned $2.15 EPS. Autoliv’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, sell-side analysts forecast that Autoliv will post 9.51 EPS for the current fiscal year.

Insider Activity at Autoliv

In other news, EVP Per Jonas Jademyr sold 1,278 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total transaction of $155,954.34. Following the completion of the transaction, the executive vice president directly owned 1,963 shares in the company, valued at $239,544.89. This trade represents a 39.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mikael Bratt sold 8,974 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $123.51, for a total value of $1,108,378.74. Following the transaction, the chief executive officer owned 29,290 shares of the company’s stock, valued at $3,617,607.90. This trade represents a 23.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 22,243 shares of company stock valued at $2,713,735 over the last ninety days. Insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Autoliv

A number of hedge funds have recently made changes to their positions in the stock. Everstar Asset Management LLC raised its position in shares of Autoliv by 3.9% during the first quarter. Everstar Asset Management LLC now owns 8,003 shares of the auto parts company’s stock worth $842,000 after acquiring an additional 303 shares during the last quarter. SG Americas Securities LLC increased its holdings in Autoliv by 18.6% in the first quarter. SG Americas Securities LLC now owns 20,505 shares of the auto parts company’s stock worth $2,156,000 after purchasing an additional 3,218 shares in the last quarter. Evolve Private Wealth LLC bought a new stake in Autoliv in the first quarter worth approximately $206,000. Fortem Financial Group LLC increased its holdings in Autoliv by 11.0% in the first quarter. Fortem Financial Group LLC now owns 6,502 shares of the auto parts company’s stock worth $684,000 after purchasing an additional 645 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Autoliv by 5.5% in the fourth quarter. Invesco Ltd. now owns 717,991 shares of the auto parts company’s stock worth $85,226,000 after purchasing an additional 37,117 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors.

About Autoliv

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.