Wells Fargo & Company Boosts Autoliv (NYSE:ALV) Price Target to $107.00

Autoliv (NYSE:ALVGet Free Report) had its price objective increased by equities research analysts at Wells Fargo & Company from $101.00 to $107.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s target price points to a potential downside of 1.25% from the company’s previous close.

Several other equities analysts have also issued reports on the stock. Mizuho boosted their price target on shares of Autoliv from $106.00 to $115.00 and gave the company a “buy” rating in a report on Friday, January 5th. Barclays raised their price objective on shares of Autoliv from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. The Goldman Sachs Group lifted their price target on Autoliv from $126.00 to $142.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Finally, Wolfe Research cut Autoliv from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, Autoliv currently has a consensus rating of “Hold” and a consensus price target of $112.18.

Get Our Latest Stock Report on ALV

Autoliv Price Performance

Shares of ALV opened at $108.36 on Monday. The stock has a market cap of $9.12 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 0.35 and a beta of 1.72. Autoliv has a 1 year low of $79.66 and a 1 year high of $111.30. The stock’s 50-day moving average price is $104.84 and its two-hundred day moving average price is $99.48. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.52.

Autoliv (NYSE:ALVGet Free Report) last released its quarterly earnings data on Friday, January 26th. The auto parts company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.37. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.75 billion. Autoliv had a net margin of 4.66% and a return on equity of 27.13%. Autoliv’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.83 EPS. On average, equities analysts predict that Autoliv will post 9.82 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Versor Investments LP lifted its stake in Autoliv by 43.5% in the 3rd quarter. Versor Investments LP now owns 8,250 shares of the auto parts company’s stock valued at $796,000 after purchasing an additional 2,501 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of Autoliv by 58.9% during the 2nd quarter. Schroder Investment Management Group now owns 102,351 shares of the auto parts company’s stock worth $8,704,000 after acquiring an additional 37,956 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Autoliv by 158.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,525 shares of the auto parts company’s stock valued at $630,000 after acquiring an additional 4,000 shares during the period. NewSquare Capital LLC acquired a new stake in Autoliv during the 3rd quarter valued at $3,736,000. Finally, Raymond James & Associates boosted its position in Autoliv by 143.7% during the third quarter. Raymond James & Associates now owns 28,814 shares of the auto parts company’s stock worth $2,780,000 after purchasing an additional 16,990 shares during the period. Institutional investors own 56.70% of the company’s stock.

Autoliv Company Profile

(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.

Featured Articles

Analyst Recommendations for Autoliv (NYSE:ALV)

Receive News & Ratings for Autoliv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autoliv and related companies with MarketBeat.com's FREE daily email newsletter.