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

Autoliv, Inc. (NYSE:ALV) has been given an average recommendation of “Moderate Buy” by the eighteen research firms that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $128.00.

ALV has been the subject of several research reports. Mizuho lifted their price target on Autoliv from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Deutsche Bank Aktiengesellschaft set a $133.00 price target on shares of Autoliv in a research note on Friday, October 10th. Berenberg Bank set a $134.00 price objective on shares of Autoliv in a report on Tuesday, October 21st. Cowen reiterated a “buy” rating on shares of Autoliv in a research note on Monday, October 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Autoliv in a report on Wednesday, October 8th.

Institutional Trading of Autoliv

Several hedge funds have recently added to or reduced their stakes in ALV. GAMMA Investing LLC increased its position in Autoliv by 122.9% in the 1st quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company’s stock worth $33,000 after buying an additional 204 shares during the period. Teacher Retirement System of Texas raised its stake in Autoliv by 56.4% during the 1st quarter. Teacher Retirement System of Texas now owns 122,759 shares of the auto parts company’s stock valued at $10,858,000 after purchasing an additional 44,276 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in Autoliv by 11.9% in the 1st 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 period. Lancaster Investment Management grew its position in Autoliv by 58.8% in the 1st quarter. Lancaster Investment Management now owns 903,537 shares of the auto parts company’s stock worth $79,918,000 after purchasing an additional 334,716 shares during the last quarter. Finally, M&T Bank Corp acquired a new position in shares of Autoliv during the first quarter valued at about $206,000. Institutional investors own 69.57% of the company’s stock.

Autoliv Trading Up 1.5%

Shares of NYSE:ALV opened at $121.69 on Friday. The firm has a fifty day moving average of $122.12 and a two-hundred day moving average of $113.61. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.54. Autoliv has a 12-month low of $75.49 and a 12-month high of $129.54. The firm has a market capitalization of $9.24 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 0.88 and a beta of 1.35.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, October 17th. The auto parts company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.22. Autoliv had a return on equity of 31.22% and a net margin of 7.09%.The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same period last year, the company earned $1.84 earnings per share. Autoliv’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities analysts expect that Autoliv will post 9.51 EPS for the current fiscal 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.