Wells Fargo & Company Lowers Autoliv (NYSE:ALV) Price Target to $101.00

Autoliv (NYSE:ALV) had its price target reduced by investment analysts at Wells Fargo & Company from $102.00 to $101.00 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 price objective suggests a potential upside of 3.71% from the stock’s current price.

Other equities analysts have also issued reports about the company. Bank of America lowered their price target on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Barclays cut their target price 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 initiated coverage on shares of Autoliv in a research note on Monday, July 15th. They set a “buy” rating and a $134.00 price target on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $116.00 price objective on shares of Autoliv in a research note on Tuesday, September 10th. Finally, Evercore ISI lowered their target price on shares of Autoliv from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.14.

Autoliv Stock Up 0.6 %

ALV opened at $97.39 on Monday. The company has a market capitalization of $7.93 billion, a PE ratio of 15.19, a P/E/G ratio of 0.82 and a beta of 1.60. Autoliv has a one year low of $89.37 and a one year high of $129.38. The stock’s fifty day moving average is $96.58 and its 200-day moving average is $107.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.73 and a current ratio of 0.98.

Autoliv (NYSE:ALV) last released its earnings results 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 company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Autoliv had a return on equity of 30.05% and a net margin of 5.91%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.66 EPS. On average, equities analysts predict that Autoliv will post 8.44 EPS for the current fiscal year.

Institutional Trading of Autoliv

Several institutional investors have recently modified their holdings of the stock. Swedbank AB acquired a new position in shares of Autoliv during the 1st quarter worth approximately $235,996,000. Lind Value II ApS acquired a new position in shares of Autoliv in the 3rd quarter valued at $35,818,000. Caxton Associates LP boosted its stake in Autoliv by 121.9% during the first quarter. Caxton Associates LP now owns 686,622 shares of the auto parts company’s stock worth $82,690,000 after buying an additional 377,233 shares during the period. AQR Capital Management LLC raised its position in Autoliv by 130.2% in the second quarter. AQR Capital Management LLC now owns 498,575 shares of the auto parts company’s stock valued at $53,111,000 after purchasing an additional 281,956 shares during the period. Finally, Mondrian Investment Partners LTD boosted its holdings in Autoliv by 21.8% during the 2nd quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock valued at $117,330,000 after acquiring an additional 207,521 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

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.