Autoliv (NYSE:ALV) PT Lowered to $62.00 at Buckingham Research

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Autoliv (NYSE:ALV) had its price objective cut by Buckingham Research from $70.00 to $62.00 in a research report issued on Monday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the auto parts company’s stock. Buckingham Research’s price target would suggest a potential downside of 11.43% from the stock’s previous close.

A number of other brokerages have also recently commented on ALV. Nordea Equity Research cut shares of Autoliv from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Royal Bank of Canada raised shares of Snap from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $10.00 to $17.00 in a research note on Friday, April 5th. Barclays reissued a “sell” rating and issued a $57.00 price objective on shares of Autoliv in a research note on Sunday, March 31st. Finally, Zacks Investment Research cut shares of Genprex from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. Eight research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $87.96.

Shares of NYSE:ALV opened at $70.00 on Monday. Autoliv has a 52 week low of $61.07 and a 52 week high of $107.12. The stock has a market cap of $5.94 billion, a PE ratio of 10.25, a P/E/G ratio of 1.33 and a beta of 1.52. The business has a fifty day simple moving average of $66.94. The company has a quick ratio of 0.87, a current ratio of 1.14 and a debt-to-equity ratio of 0.81.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, April 26th. The auto parts company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.37). Autoliv had a return on equity of 27.29% and a net margin of 2.03%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the previous year, the business earned $1.66 earnings per share. The business’s quarterly revenue was down 3.0% on a year-over-year basis. On average, equities research analysts forecast that Autoliv will post 6.58 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Autoliv in the 4th quarter worth about $47,801,000. Toronto Dominion Bank lifted its holdings in Autoliv by 33.7% during the 1st quarter. Toronto Dominion Bank now owns 15,692 shares of the auto parts company’s stock valued at $1,154,000 after buying an additional 3,957 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Autoliv by 9.7% during the 4th quarter. Geode Capital Management LLC now owns 718,219 shares of the auto parts company’s stock valued at $50,400,000 after buying an additional 63,644 shares in the last quarter. FMR LLC lifted its holdings in Autoliv by 13.5% during the 1st quarter. FMR LLC now owns 2,237,425 shares of the auto parts company’s stock valued at $164,518,000 after buying an additional 266,418 shares in the last quarter. Finally, RMB Capital Management LLC lifted its holdings in Autoliv by 13.8% during the 4th quarter. RMB Capital Management LLC now owns 20,637 shares of the auto parts company’s stock valued at $1,449,000 after buying an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 35.97% of the company’s stock.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.

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Analyst Recommendations for Autoliv (NYSE:ALV)

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