Autoliv (NYSE:ALV) Price Target Cut to $128.00 by Analysts at Robert W. Baird

Autoliv (NYSE:ALV) had its target price cut by stock analysts at Robert W. Baird from $135.00 to $128.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the auto parts company’s stock. Robert W. Baird’s price target would suggest a potential upside of 16.05% from the company’s current price.

Several other equities research analysts also recently issued reports on the stock. Wolfe Research upgraded shares of Autoliv from a “peer perform” rating to an “outperform” rating and set a $133.00 price objective for the company in a research note on Monday. Wells Fargo & Company cut their price target on shares of Autoliv from $128.00 to $122.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 25th. Bank of America increased their target price on shares of Autoliv from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, April 29th. StockNews.com cut shares of Autoliv from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 13th. Finally, BNP Paribas initiated coverage on shares of Autoliv in a report on Tuesday, June 18th. They set a “neutral” rating on the stock. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Autoliv currently has an average rating of “Moderate Buy” and an average target price of $128.64.

Autoliv Trading Up 1.2 %

Shares of NYSE:ALV traded up $1.34 during trading on Friday, reaching $110.30. The stock had a trading volume of 252,779 shares, compared to its average volume of 605,246. The business has a fifty day moving average price of $117.14 and a 200-day moving average price of $114.71. The company has a quick ratio of 0.82, a current ratio of 1.10 and a debt-to-equity ratio of 0.75. The stock has a market cap of $8.98 billion, a P/E ratio of 17.20, a PEG ratio of 0.65 and a beta of 1.61. Autoliv has a fifty-two week low of $89.37 and a fifty-two week high of $129.38.

Autoliv (NYSE:ALV) last released its earnings results 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. As a group, analysts anticipate that Autoliv will post 9.74 earnings per share for the current fiscal year.

Insider Activity at Autoliv

In other Autoliv news, Director Jan Carlson sold 1,900 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $126.75, for a total transaction of $240,825.00. Following the transaction, the director now directly owns 77,493 shares in the company, valued at approximately $9,822,237.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by company insiders.

Institutional Trading of Autoliv

A number of large investors have recently bought and sold shares of the business. Van ECK Associates Corp acquired a new position in Autoliv during the 4th quarter worth approximately $2,356,000. Park West Asset Management LLC increased its position in shares of Autoliv by 37.8% in the fourth quarter. Park West Asset Management LLC now owns 427,060 shares of the auto parts company’s stock worth $47,058,000 after purchasing an additional 117,060 shares during the period. Louisiana State Employees Retirement System bought a new position in shares of Autoliv in the fourth quarter worth $2,314,000. American Trust Investment Advisors LLC increased its position in shares of Autoliv by 63.2% in the fourth quarter. American Trust Investment Advisors LLC now owns 36,340 shares of the auto parts company’s stock worth $4,004,000 after purchasing an additional 14,068 shares during the period. Finally, Hsbc Holdings PLC grew its position in Autoliv by 146.8% in the fourth quarter. Hsbc Holdings PLC now owns 61,242 shares of the auto parts company’s stock valued at $6,748,000 after acquiring an additional 36,431 shares during the last quarter. 69.57% of the stock is owned by institutional investors.

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.