Wells Fargo & Company Boosts Autoliv (NYSE:ALV) Price Target to $128.00

Autoliv (NYSE:ALV) had its price objective upped by research analysts at Wells Fargo & Company from $126.00 to $128.00 in a research report issued to clients and investors 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 indicates a potential upside of 6.86% from the stock’s current price.

Several other analysts also recently commented on ALV. JPMorgan Chase & Co. lifted their target price on shares of Autoliv from $117.00 to $129.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Mizuho lifted their target price on shares of Autoliv from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Robert W. Baird lifted their target price on shares of Autoliv from $133.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday. Barclays lifted their target price on shares of Autoliv from $120.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Wolfe Research cut shares of Autoliv from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $125.90.

Autoliv Stock Performance

Shares of ALV opened at $119.78 on Monday. The firm has a 50-day moving average of $118.13 and a 200-day moving average of $108.45. Autoliv has a one year low of $79.66 and a one year high of $125.91. The company has a market cap of $9.76 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 0.81 and a beta of 1.72. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.10 and a quick ratio of 0.82.

Insider Activity

In other news, VP Mikael Hagstrom sold 327 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total value of $35,868.63. Following the completion of the transaction, the vice president now directly owns 327 shares in the company, valued at approximately $35,868.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Mikael Hagstrom sold 327 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total transaction of $35,868.63. Following the completion of the transaction, the vice president now directly owns 327 shares in the company, valued at approximately $35,868.63. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Colin Naughton sold 782 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $110.68, for a total transaction of $86,551.76. Following the transaction, the insider now owns 5,594 shares of the company’s stock, valued at $619,143.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,388 shares of company stock worth $921,757. 0.24% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Autoliv

Institutional investors have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. bought a new stake in Autoliv during the 4th quarter worth approximately $27,000. Rise Advisors LLC grew its holdings in Autoliv by 84.1% during the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock worth $29,000 after acquiring an additional 122 shares during the last quarter. Register Financial Advisors LLC bought a new stake in Autoliv during the 1st quarter worth approximately $36,000. Parallel Advisors LLC grew its holdings in Autoliv by 83.8% during the 4th quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock worth $54,000 after acquiring an additional 223 shares during the last quarter. Finally, TFO Wealth Partners LLC grew its holdings in Autoliv by 15,425.0% during the 4th quarter. TFO Wealth Partners LLC now owns 621 shares of the auto parts company’s stock worth $68,000 after acquiring an additional 617 shares during the last quarter. 69.57% of the stock is owned by institutional investors.

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.