Mizuho Has Lowered Expectations for Autoliv (NYSE:ALV) Stock Price

Autoliv (NYSE:ALV) had its price target reduced by analysts at Mizuho from $115.00 to $112.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the auto parts company’s stock. Mizuho’s price objective would indicate a potential upside of 18.85% from the stock’s previous close.

ALV has been the topic of several other reports. StockNews.com upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Daiwa Capital Markets raised shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price objective for the company in a research note on Tuesday, January 7th. Barclays lowered their target price on Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Wells Fargo & Company reduced their price objective on Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. Finally, Robert W. Baird lifted their price objective on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $117.23.

Autoliv Price Performance

Shares of NYSE ALV opened at $94.24 on Monday. The company’s fifty day moving average is $96.38 and its two-hundred day moving average is $96.75. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. The firm has a market capitalization of $7.32 billion, a P/E ratio of 11.68, a PEG ratio of 0.72 and a beta of 1.58. Autoliv has a one year low of $89.51 and a one year high of $129.38.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.21. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. Analysts forecast that Autoliv will post 10.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. UMB Bank n.a. grew its holdings in Autoliv by 139.5% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 159 shares in the last quarter. Fred Alger Management LLC acquired a new stake in shares of Autoliv during the third quarter valued at about $45,000. Farther Finance Advisors LLC increased its position in shares of Autoliv by 2,115.5% during the third quarter. Farther Finance Advisors LLC now owns 2,282 shares of the auto parts company’s stock worth $213,000 after acquiring an additional 2,179 shares during the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of Autoliv in the third quarter worth about $222,000. Finally, CIBC Asset Management Inc boosted its holdings in Autoliv by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock valued at $235,000 after purchasing an additional 124 shares during the last quarter. 69.57% of the stock is 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.