Autoliv, Inc. (ALV) Rating Reiterated by Buckingham Research
Autoliv, Inc. (NYSE:ALV)‘s stock had its “sell” rating reiterated by research analysts at Buckingham Research in a note issued to investors on Thursday. They presently have a $87.00 price target on the auto parts company’s stock. Buckingham Research’s price target would indicate a potential downside of 30.65% from the company’s current price.
Several other research firms also recently commented on ALV. Mizuho upped their price objective on shares of Autoliv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday. BidaskClub downgraded shares of Autoliv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Bank of America Corporation lowered their price target on shares of Autoliv from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Tuesday, July 25th. Royal Bank Of Canada reissued a “hold” rating and set a $98.00 price target on shares of Autoliv in a report on Thursday, July 6th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $119.00 price target on shares of Autoliv in a report on Friday, June 16th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $109.20.
Autoliv (NYSE ALV) opened at 125.45 on Thursday. Autoliv has a 52-week low of $93.31 and a 52-week high of $127.72. The firm has a 50-day moving average of $109.21 and a 200 day moving average of $106.86. The company has a market capitalization of $10.90 billion, a P/E ratio of 19.82 and a beta of 1.12.
Autoliv (NYSE:ALV) last released its earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.04). The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.75 EPS. Equities analysts predict that Autoliv will post $6.22 earnings per share for the current fiscal year.
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In related news, VP Thomas Jonsson sold 1,240 shares of the company’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 owns 2,311 shares of the company’s stock, valued at $250,859.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.25% of the company’s stock.
A number of hedge funds have recently made changes to their positions in ALV. Toronto Dominion Bank boosted its stake in Autoliv by 26.9% during the first quarter. Toronto Dominion Bank now owns 971 shares of the auto parts company’s stock worth $100,000 after buying an additional 206 shares during the period. Victory Capital Management Inc. boosted its stake in Autoliv by 43.9% during the second quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock worth $149,000 after buying an additional 414 shares during the period. Teachers Advisors LLC boosted its stake in Autoliv by 288.3% during the second quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after buying an additional 1,058 shares during the period. Pacer Advisors Inc. boosted its stake in Autoliv by 3.2% during the first quarter. Pacer Advisors Inc. now owns 1,799 shares of the auto parts company’s stock worth $184,000 after buying an additional 55 shares during the period. Finally, IHT Wealth Management LLC boosted its stake in Autoliv by 34.8% during the first quarter. IHT Wealth Management LLC now owns 1,937 shares of the auto parts company’s stock worth $188,000 after buying an additional 500 shares during the period. 34.76% of the stock is owned by institutional investors.
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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