Autoliv, Inc. (NYSE:ALV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday, October 17th. The firm currently has a $142.00 target price on the auto parts company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 14.38% from the stock’s previous close.
According to Zacks, “Autoliv's electronics segment is gaining in strength following the launch of the Zenuity joint venture in April. Also, innovative product launches, acquisitions and JVs are likely to boost its sales. Moreover, Autoliv has been witnessing a strong order intake. The company has hired a number of engineers to cater to the demand, of which a majority have been employed in the Passive Safety segment. However, Autoliv has lowered its outlook for 2017. Moreover, stiff competition in passive safety products is a concern before it. Year to date, Autoliv has underperformed the industry it belongs to.”
A number of other brokerages have also recently issued reports on ALV. Mizuho lifted their price objective on Autoliv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 15th. Piper Jaffray Companies set a $99.00 price target on Autoliv and gave the stock a “hold” rating in a research note on Monday, October 16th. BidaskClub cut Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Bank of America Corporation decreased their price target on Autoliv from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Tuesday, July 25th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $98.00 price target on shares of Autoliv in a research note on Thursday, July 6th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $113.10.
Shares of Autoliv (ALV) opened at 124.15 on Tuesday. The company has a 50 day moving average of $122.44 and a 200-day moving average of $111.46. Autoliv has a 12 month low of $93.31 and a 12 month high of $127.75. The firm has a market capitalization of $10.79 billion, a P/E ratio of 19.61 and a beta of 1.14.
Autoliv (NYSE:ALV) last announced its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.14. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Autoliv had a return on equity of 13.55% and a net margin of 4.96%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 earnings per share. Analysts predict that Autoliv will post $6.23 EPS for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Autoliv by 2,592.0% in the first quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock worth $277,583,000 after acquiring an additional 2,613,635 shares during the period. Principal Financial Group Inc. boosted its stake in Autoliv by 915.3% during the second quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the auto parts company’s stock valued at $244,927,000 after buying an additional 2,010,970 shares during the last quarter. FMR LLC boosted its stake in Autoliv by 7.3% during the second quarter. FMR LLC now owns 1,821,095 shares of the auto parts company’s stock valued at $199,956,000 after buying an additional 123,781 shares during the last quarter. Vanguard Group Inc. boosted its stake in Autoliv by 1.8% during the second quarter. Vanguard Group Inc. now owns 1,400,499 shares of the auto parts company’s stock valued at $153,774,000 after buying an additional 24,364 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Autoliv by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 813,363 shares of the auto parts company’s stock valued at $89,305,000 after buying an additional 85,971 shares during the last quarter. 32.74% of the stock is owned by hedge funds and other institutional investors.
Autoliv Company Profile
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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