Autoliv (NYSE:ALV) Price Target Cut to $122.00

Autoliv (NYSE:ALV) had its price target decreased by stock analysts at Wells Fargo & Company from $128.00 to $122.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 12.39% from the company’s previous close.

A number of other research analysts have also recently weighed in on the company. Bank of America lifted their price objective on Autoliv from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 29th. BNP Paribas initiated coverage on shares of Autoliv in a research note on Tuesday, June 18th. They issued a “neutral” rating for the company. StockNews.com cut shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 13th. Robert W. Baird increased their price target on Autoliv from $133.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Finally, Barclays boosted their price objective on Autoliv from $120.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, April 29th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Autoliv currently has a consensus rating of “Hold” and a consensus price target of $128.90.

Autoliv Stock Performance

ALV opened at $108.55 on Tuesday. Autoliv has a 12-month low of $82.94 and a 12-month high of $129.38. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 0.66 and a beta of 1.65. The company has a current ratio of 1.10, a quick ratio of 0.82 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average is $119.58 and its 200 day moving average is $114.57.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, April 26th. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.18. Autoliv had a net margin of 5.10% and a return on equity of 29.84%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. On average, equities research analysts predict that Autoliv will post 9.74 EPS for the current year.

Insider Transactions at Autoliv

In related news, Director Jan Carlson sold 1,900 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $126.75, for a total value of $240,825.00. Following the completion of the transaction, the director now directly owns 77,493 shares of the company’s stock, valued at $9,822,237.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Autoliv

Large investors have recently added to or reduced their stakes in the stock. UBS Group AG boosted its holdings in shares of Autoliv by 4.7% in the 3rd quarter. UBS Group AG now owns 41,104 shares of the auto parts company’s stock worth $3,966,000 after purchasing an additional 1,859 shares during the period. Citigroup Inc. raised its stake in shares of Autoliv by 5.0% in the third quarter. Citigroup Inc. now owns 8,253 shares of the auto parts company’s stock valued at $796,000 after acquiring an additional 392 shares during the period. Invesco Ltd. lifted its holdings in shares of Autoliv by 30.3% in the 3rd quarter. Invesco Ltd. now owns 519,924 shares of the auto parts company’s stock worth $50,162,000 after acquiring an additional 121,025 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Autoliv by 65.6% during the 3rd quarter. Hsbc Holdings PLC now owns 24,811 shares of the auto parts company’s stock worth $2,395,000 after purchasing an additional 9,831 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in Autoliv by 8.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 33,608 shares of the auto parts company’s stock valued at $3,242,000 after purchasing an additional 2,748 shares during the last quarter. 69.57% of the stock is owned by institutional investors.

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.