Autoliv (NYSE:ALV) PT Raised to $108.00 at Robert W. Baird

Autoliv (NYSE:ALV) had its price target lifted by investment analysts at Robert W. Baird from $103.00 to $108.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the auto parts company’s stock. Robert W. Baird’s price target indicates a potential upside of 10.89% from the company’s current price.

A number of other research analysts also recently issued reports on ALV. Barclays reduced their price objective on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Hsbc Global Res upgraded Autoliv to a “strong-buy” rating in a research note on Monday, July 15th. Wolfe Research initiated coverage on Autoliv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price objective for the company. Citigroup reduced their price objective on Autoliv from $119.00 to $108.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Finally, HSBC initiated coverage on Autoliv in a research note on Monday, July 15th. They set a “buy” rating and a $134.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.14.

Autoliv Trading Up 0.6 %

NYSE ALV opened at $97.39 on Monday. The firm has a market capitalization of $7.93 billion, a P/E ratio of 15.19, a PEG ratio of 0.82 and a beta of 1.60. The business has a fifty day simple moving average of $96.58 and a 200 day simple moving average of $107.24. Autoliv has a 12 month low of $89.37 and a 12 month high of $129.38. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.66 EPS. On average, analysts predict that Autoliv will post 8.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Silvercrest Asset Management Group LLC boosted its position in shares of Autoliv by 96.3% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 28,682 shares of the auto parts company’s stock valued at $3,454,000 after acquiring an additional 14,074 shares during the last quarter. M&G Plc bought a new stake in shares of Autoliv during the 1st quarter valued at about $1,431,000. Qsemble Capital Management LP bought a new stake in shares of Autoliv during the 1st quarter valued at about $808,000. Swedbank AB boosted its position in shares of Autoliv by 20.5% during the 2nd quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company’s stock valued at $252,715,000 after acquiring an additional 402,426 shares during the last quarter. Finally, BDF Gestion bought a new stake in shares of Autoliv during the 2nd quarter valued at about $1,284,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

About Autoliv

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.