Autoliv (NYSE:ALV) PT Raised to $108.00 at Robert W. Baird

Autoliv (NYSE:ALV) had its price target lifted by analysts at Robert W. Baird from $103.00 to $108.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the auto parts company’s stock. Robert W. Baird’s target price would suggest a potential upside of 8.52% from the company’s previous close.

A number of other analysts have also recently commented on ALV. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $116.00 target price on shares of Autoliv in a research note on Tuesday, September 10th. Citigroup dropped their price target on Autoliv from $119.00 to $108.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Wells Fargo & Company dropped their price objective on shares of Autoliv from $103.00 to $102.00 and set an “equal weight” rating for the company in a research note on Friday, September 20th. HSBC started coverage on Autoliv in a report on Monday, July 15th. They set a “buy” rating and a $134.00 target price on the stock. Finally, Barclays reduced their price objective on Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Autoliv currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.21.

Autoliv Stock Performance

Shares of ALV stock opened at $99.52 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67. Autoliv has a 12-month low of $89.37 and a 12-month high of $129.38. The business’s 50 day moving average is $96.54 and its two-hundred day moving average is $107.55. The company has a market capitalization of $8.10 billion, a P/E ratio of 15.53, a P/E/G ratio of 0.82 and a beta of 1.60.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business earned $1.66 EPS. Analysts expect that Autoliv will post 8.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Autoliv

A number of institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in shares of Autoliv by 62.7% during the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 101 shares during the period. Register Financial Advisors LLC acquired a new position in Autoliv during the 1st quarter worth about $36,000. Quarry LP boosted its holdings in Autoliv by 133.5% during the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 207 shares during the period. Headlands Technologies LLC grew its position in Autoliv by 427.6% in the 1st quarter. Headlands Technologies LLC now owns 823 shares of the auto parts company’s stock valued at $99,000 after acquiring an additional 667 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Autoliv by 244.4% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 837 shares of the auto parts company’s stock worth $101,000 after purchasing an additional 594 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

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.