Wells Fargo & Company Boosts Autoliv (NYSE:ALV) Price Target to $122.00

Autoliv (NYSE:ALV) had its target price lifted by analysts at Wells Fargo & Company from $116.00 to $122.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 1.14% from the stock’s previous close.

Several other analysts have also issued reports on ALV. Wall Street Zen upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. TD Cowen decreased their price objective on Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Royal Bank Of Canada boosted their target price on Autoliv from $137.00 to $138.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Barclays decreased their price target on Autoliv from $140.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. Finally, Bank of America assumed coverage on Autoliv in a research report on Thursday, April 16th. They issued a “buy” rating and a $140.00 price objective for the company. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.27.

Autoliv Price Performance

ALV stock traded up $1.73 during mid-day trading on Thursday, hitting $120.63. 86,200 shares of the stock were exchanged, compared to its average volume of 780,893. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.82. The business has a fifty day moving average price of $120.93 and a 200 day moving average price of $118.70. Autoliv has a 12 month low of $99.16 and a 12 month high of $132.17. The stock has a market capitalization of $9.03 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 0.78 and a beta of 1.33.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Saturday, April 18th. The auto parts company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.21. The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.Autoliv’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $2.15 EPS. On average, sell-side analysts anticipate that Autoliv will post 10.53 EPS for the current year.

Insider Activity

In related news, Director Jan Carlson sold 19,607 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the transaction, the director owned 60,000 shares in the company, valued at $7,800,000. The trade was a 24.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is owned by insiders.

Institutional Investors Weigh In On Autoliv

Large investors have recently made changes to their positions in the business. Pacer Advisors Inc. increased its stake in shares of Autoliv by 3,296.4% during the first quarter. Pacer Advisors Inc. now owns 283,973 shares of the auto parts company’s stock valued at $29,863,000 after buying an additional 275,612 shares during the period. NewEdge Advisors LLC lifted its stake in Autoliv by 529.0% in the first quarter. NewEdge Advisors LLC now owns 18,544 shares of the auto parts company’s stock worth $1,950,000 after acquiring an additional 15,596 shares during the period. Bank of America Corp DE boosted its holdings in Autoliv by 19.4% in the first quarter. Bank of America Corp DE now owns 170,018 shares of the auto parts company’s stock valued at $17,879,000 after acquiring an additional 27,622 shares in the last quarter. Strategic Investment Advisors MI purchased a new position in Autoliv during the 1st quarter valued at $216,000. Finally, Amundi purchased a new position in Autoliv during the 1st quarter valued at $879,000. 69.57% of the stock is currently owned by institutional investors.

Autoliv Company Profile

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.