Barclays Lowers Autoliv (NYSE:ALV) Price Target to $110.00

Autoliv (NYSE:ALV) had its target price lowered by stock analysts at Barclays from $115.00 to $110.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the auto parts company’s stock. Barclays‘s target price would suggest a potential upside of 18.48% from the stock’s current price.

ALV has been the subject of a number of other research reports. Robert W. Baird decreased their target price on Autoliv from $128.00 to $111.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Bank of America lowered their target price on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Wolfe Research began coverage on shares of Autoliv in a research report on Thursday, September 5th. They set an “outperform” rating and a $120.00 target price for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $116.00 price target on shares of Autoliv in a research report on Tuesday, September 10th. Finally, BNP Paribas initiated coverage on Autoliv in a research report on Tuesday, June 18th. They set a “neutral” rating for the company. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Autoliv has an average rating of “Moderate Buy” and a consensus price target of $124.43.

Autoliv Stock Performance

Shares of ALV opened at $92.84 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. Autoliv has a 12 month low of $89.37 and a 12 month high of $129.38. The company’s fifty day moving average is $96.51 and its 200-day moving average is $108.05. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 0.82 and a beta of 1.60.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, July 19th. The auto parts company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.57). The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.73 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. Autoliv’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the business earned $1.93 earnings per share. Equities analysts expect that Autoliv will post 8.44 EPS for the current fiscal year.

Institutional Trading of Autoliv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. KRS Capital Management LLC grew its stake in shares of Autoliv by 3.7% in the 1st quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock valued at $336,000 after purchasing an additional 100 shares during the period. State of Michigan Retirement System raised its stake in Autoliv by 0.6% during the first quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock worth $2,180,000 after acquiring an additional 100 shares in the last quarter. GAMMA Investing LLC raised its stake in Autoliv by 62.7% during the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 101 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Autoliv by 14.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 117 shares in the last quarter. Finally, Smithfield Trust Co boosted its stake in shares of Autoliv by 12.1% in the 1st quarter. Smithfield Trust Co now owns 1,330 shares of the auto parts company’s stock valued at $160,000 after purchasing an additional 144 shares in the last quarter. Institutional investors 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.