Autoliv (NYSE:ALV) Price Target Raised to $126.00

Autoliv (NYSE:ALV) had its target price increased by Wells Fargo & Company from $106.00 to $126.00 in a research note released on Tuesday,Benzinga reports. They currently have an equal weight rating on the auto parts company’s stock.

Several other equities analysts have also weighed in on ALV. Royal Bank Of Canada began coverage on Autoliv in a research note on Wednesday, June 25th. They issued an “outperform” rating and a $133.00 price target for the company. Jefferies Financial Group assumed coverage on Autoliv in a research note on Wednesday, July 2nd. They set a “buy” rating and a $140.00 price objective for the company. UBS Group boosted their price objective on Autoliv from $103.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, May 28th. Mizuho boosted their price objective on Autoliv from $95.00 to $112.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Finally, Robert W. Baird cut their price objective on Autoliv from $126.00 to $124.00 and set a “neutral” rating for the company in a research note on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $122.92.

Autoliv Price Performance

Shares of Autoliv stock opened at $127.83 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. Autoliv has a twelve month low of $75.49 and a twelve month high of $127.89. The business has a 50-day moving average price of $118.43 and a 200 day moving average price of $104.33. The firm has a market cap of $9.82 billion, a PE ratio of 13.99, a P/E/G ratio of 1.30 and a beta of 1.35.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 18th. The auto parts company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.14. Autoliv had a return on equity of 30.73% and a net margin of 6.83%.The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the business earned $1.87 EPS. Autoliv’s revenue for the quarter was up 4.2% compared to the same quarter last year. Sell-side analysts predict that Autoliv will post 9.51 earnings per share for the current fiscal year.

Autoliv declared that its board has approved a share repurchase plan on Wednesday, June 4th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the auto parts company to repurchase up to 31.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Kestra Investment Management LLC lifted its holdings in Autoliv by 48.2% in the second quarter. Kestra Investment Management LLC now owns 1,266 shares of the auto parts company’s stock valued at $142,000 after acquiring an additional 412 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Autoliv by 28.2% in the second quarter. Captrust Financial Advisors now owns 3,647 shares of the auto parts company’s stock valued at $408,000 after acquiring an additional 803 shares during the last quarter. Manhattan West Asset Management LLC lifted its holdings in Autoliv by 5.0% in the second quarter. Manhattan West Asset Management LLC now owns 30,538 shares of the auto parts company’s stock valued at $3,417,000 after acquiring an additional 1,450 shares during the last quarter. Two Sigma Securities LLC acquired a new position in Autoliv in the second quarter valued at approximately $276,000. Finally, Tidal Investments LLC acquired a new position in Autoliv in the second quarter valued at approximately $252,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

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.