Autoliv, Inc. (NYSE:ALV) Receives $122.92 Consensus Target Price from Brokerages

by · The Cerbat Gem

Shares of Autoliv, Inc. (NYSE:ALV – Get Free Report) have been assigned an average rating of “Moderate Buy” from the seventeen research firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $122.9167.

Several equities analysts recently weighed in on the stock. Robert W. Baird reduced their price target on shares of Autoliv from $126.00 to $124.00 and set a “neutral” rating for the company in a research report on Monday, July 21st. Jefferies Financial Group assumed coverage on shares of Autoliv in a research report on Wednesday, July 2nd. They set a “buy” rating and a $140.00 price target for the company. Wall Street Zen upgraded shares of Autoliv from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 26th. UBS Group increased their price target on shares of Autoliv from $103.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, May 28th. Finally, Royal Bank Of Canada started coverage on shares of Autoliv in a research report on Wednesday, June 25th. They set an “outperform” rating and a $133.00 price target for the company.

View Our Latest Stock Report on Autoliv

Autoliv Price Performance

ALV opened at $124.97 on Friday. The firm has a market cap of $9.60 billion, a P/E ratio of 13.67, a PEG ratio of 1.31 and a beta of 1.35. The firm has a 50-day moving average of $118.99 and a 200 day moving average of $104.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 0.93. Autoliv has a fifty-two week low of $75.49 and a fifty-two week high of $127.89.

Autoliv (NYSE:ALV – Get Free Report) last posted its quarterly earnings results on Friday, July 18th. The auto parts company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.14. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.87 earnings per share. On average, research analysts expect that Autoliv will post 9.51 EPS for the current year.

Autoliv announced that its board has approved a stock buyback plan on Wednesday, June 4th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the auto parts company to repurchase up to 31.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Autoliv

Several institutional investors have recently added to or reduced their stakes in ALV. Charles Schwab Investment Management Inc. lifted its holdings in Autoliv by 418.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company’s stock valued at $219,686,000 after purchasing an additional 2,004,515 shares during the last quarter. Norges Bank purchased a new stake in Autoliv during the second quarter valued at about $110,368,000. Swedbank AB lifted its holdings in Autoliv by 26.3% during the second quarter. Swedbank AB now owns 2,397,735 shares of the auto parts company’s stock valued at $268,307,000 after purchasing an additional 499,411 shares during the last quarter. Invesco Ltd. lifted its holdings in Autoliv by 334.1% during the second quarter. Invesco Ltd. now owns 644,818 shares of the auto parts company’s stock valued at $72,155,000 after purchasing an additional 496,261 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in Autoliv by 83.3% during the second quarter. LSV Asset Management now owns 1,020,082 shares of the auto parts company’s stock valued at $114,147,000 after purchasing an additional 463,449 shares during the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

About Autoliv

(Get Free Report)

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.

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