Autoliv, Inc. (ALV) Receives Hold Rating from Royal Bank Of Canada
Autoliv, Inc. (NYSE:ALV)‘s stock had its “hold” rating reissued by analysts at Royal Bank Of Canada in a report released on Thursday, July 6th. They presently have a $98.00 price objective on the auto parts company’s stock. Royal Bank Of Canada’s target price suggests a potential downside of 10.12% from the company’s current price.
Several other research firms have also recently commented on ALV. Sanford C. Bernstein started coverage on Autoliv in a report on Monday, March 13th. They issued an “underperform” rating and a $85.00 price target for the company. Jefferies Group LLC raised Autoliv from a “hold” rating to a “buy” rating and raised their price target for the company from $108.00 to $119.00 in a report on Tuesday, May 9th. Zacks Investment Research raised Autoliv from a “sell” rating to a “hold” rating in a report on Tuesday, March 21st. BidaskClub cut Autoliv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, CLSA initiated coverage on Autoliv in a report on Thursday, June 22nd. They set a “hold” rating and a $102.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. Autoliv has an average rating of “Hold” and an average price target of $105.32.
Autoliv (ALV) traded up 0.92% during mid-day trading on Thursday, hitting $109.04. 257,905 shares of the stock were exchanged. The stock has a market cap of $9.48 billion, a price-to-earnings ratio of 17.23 and a beta of 1.13. Autoliv has a 52-week low of $93.31 and a 52-week high of $117.54. The stock has a 50 day moving average of $111.41 and a 200-day moving average of $106.78.
Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by $0.04. Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the prior year, the business earned $1.75 EPS. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. Equities analysts predict that Autoliv will post $6.23 EPS for the current fiscal year.
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In other Autoliv news, VP Svante Mogefors sold 6,738 shares of the stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $102.46, for a total transaction of $690,375.48. Following the transaction, the vice president now directly owns 17,269 shares of the company’s stock, valued at $1,769,381.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas Jonsson sold 1,240 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total value of $134,602.00. Following the completion of the sale, the vice president now directly owns 2,311 shares in the company, valued at $250,859.05. The disclosure for this sale can be found here. Insiders sold 9,134 shares of company stock valued at $951,987 in the last 90 days. Corporate insiders own 0.25% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in Autoliv by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 430,574 shares of the auto parts company’s stock valued at $48,723,000 after buying an additional 9,714 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Autoliv during the first quarter worth approximately $1,434,000. DekaBank Deutsche Girozentrale boosted its position in shares of Autoliv by 132.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 6,255 shares of the auto parts company’s stock worth $669,000 after buying an additional 3,561 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its position in shares of Autoliv by 16.0% in the first quarter. Aberdeen Asset Management PLC UK now owns 5,596 shares of the auto parts company’s stock worth $572,000 after buying an additional 770 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Autoliv by 10.3% in the first quarter. Russell Investments Group Ltd. now owns 10,754 shares of the auto parts company’s stock worth $1,100,000 after buying an additional 1,007 shares in the last quarter. Institutional investors and hedge funds own 32.69% of the company’s stock.
Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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