Brokerages Set Autoliv, Inc. (NYSE:ALV) Target Price at $128.00

Autoliv, Inc. (NYSE:ALV) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $128.00.

A number of equities analysts recently commented on ALV shares. Wells Fargo & Company dropped their price target on shares of Autoliv from $132.00 to $129.00 and set an “equal weight” rating for the company in a research note on Monday, October 20th. Mizuho lifted their target price on Autoliv from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 23rd. Wall Street Zen upgraded Autoliv from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 26th. Deutsche Bank Aktiengesellschaft set a $133.00 target price on Autoliv in a research report on Friday, October 10th. Finally, Berenberg Bank set a $134.00 price objective on shares of Autoliv in a research report on Tuesday, October 21st.

Institutional Investors Weigh In On Autoliv

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in shares of Autoliv by 122.9% in the 1st quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company’s stock valued at $33,000 after purchasing an additional 204 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Autoliv in the 1st quarter valued at about $1,029,000. Impax Asset Management Group plc grew its stake in Autoliv by 11.9% in the first quarter. Impax Asset Management Group plc now owns 84,358 shares of the auto parts company’s stock valued at $7,461,000 after purchasing an additional 8,953 shares during the last quarter. Entropy Technologies LP bought a new position in Autoliv in the first quarter worth about $407,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Autoliv by 418.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company’s stock valued at $219,686,000 after buying an additional 2,004,515 shares during the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Price Performance

ALV stock opened at $119.07 on Friday. Autoliv has a 12 month low of $75.49 and a 12 month high of $129.54. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $122.43 and a 200 day moving average price of $113.03. The stock has a market cap of $9.04 billion, a PE ratio of 12.30, a P/E/G ratio of 0.88 and a beta of 1.33.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, October 17th. The auto parts company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.22. Autoliv had a net margin of 7.09% and a return on equity of 31.22%. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the previous year, the company earned $1.84 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities research analysts anticipate that Autoliv will post 9.51 earnings per share for the current year.

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.