Autoliv (NYSE:ALV) Given New $128.00 Price Target at Wells Fargo & Company

Autoliv (NYSE:ALV) had its price objective upped by Wells Fargo & Company from $126.00 to $128.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 5.13% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. Mizuho boosted their target price on shares of Autoliv from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Barclays boosted their target price on shares of Autoliv from $120.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday. Wolfe Research cut shares of Autoliv from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. Berenberg Bank upgraded shares of Autoliv from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, January 12th. Finally, StockNews.com upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $125.90.

Autoliv Stock Performance

Autoliv stock traded down $0.54 during midday trading on Monday, hitting $121.75. The company’s stock had a trading volume of 385,384 shares, compared to its average volume of 543,188. Autoliv has a 1-year low of $79.66 and a 1-year high of $125.91. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.10 and a quick ratio of 0.82. The company has a 50-day moving average price of $117.74 and a two-hundred day moving average price of $108.09. The company has a market cap of $9.92 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 0.81 and a beta of 1.72.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, January 26th. The auto parts company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.37 by $0.37. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.75 billion. Autoliv had a net margin of 5.10% and a return on equity of 29.84%. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.83 EPS. As a group, sell-side analysts predict that Autoliv will post 9.67 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Mikael Bratt sold 4,226 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total value of $463,676.72. Following the sale, the chief executive officer now directly owns 17,547 shares of the company’s stock, valued at approximately $1,925,256.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP Mikael Hagstrom sold 327 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 327 shares of the company’s stock, valued at approximately $35,868.63. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Mikael Bratt sold 4,226 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $109.72, for a total transaction of $463,676.72. Following the transaction, the chief executive officer now directly owns 17,547 shares in the company, valued at $1,925,256.84. The disclosure for this sale can be found here. Insiders have sold 8,388 shares of company stock valued at $921,757 in the last ninety days. 0.24% of the stock is currently owned by insiders.

Institutional Trading of Autoliv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. bought a new position in shares of Autoliv in the 4th quarter worth $27,000. Rise Advisors LLC grew its holdings in shares of Autoliv by 84.1% during the fourth quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock valued at $29,000 after buying an additional 122 shares during the last quarter. Register Financial Advisors LLC bought a new stake in shares of Autoliv during the first quarter worth about $36,000. Parallel Advisors LLC raised its holdings in shares of Autoliv by 83.8% in 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 lifted its position in Autoliv by 15,425.0% in the 4th quarter. TFO Wealth Partners LLC now owns 621 shares of the auto parts company’s stock valued at $68,000 after acquiring an additional 617 shares in the last quarter. 69.57% of the stock is owned by institutional investors.

Autoliv Company Profile

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.