Autoliv (NYSE:ALV) Given New $100.00 Price Target at Wells Fargo & Company

Autoliv (NYSE:ALV) had its target price upped by equities research analysts at Wells Fargo & Company from $82.00 to $100.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price target suggests a potential downside of 1.98% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Hsbc Global Res downgraded shares of Autoliv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. HSBC downgraded shares of Autoliv from a “buy” rating to a “hold” rating and cut their price objective for the stock from $109.00 to $100.00 in a research report on Tuesday, February 4th. Pareto Securities downgraded shares of Autoliv to a “hold” rating in a research report on Monday, February 3rd. BNP Paribas Exane raised shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $123.00 target price on the stock in a research report on Friday, May 9th. Finally, Barclays boosted their target price on shares of Autoliv from $97.00 to $105.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $115.29.

Autoliv Price Performance

ALV stock opened at $102.03 on Monday. Autoliv has a 12-month low of $75.49 and a 12-month high of $129.38. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 0.73 and a beta of 1.36. The firm’s 50-day moving average price is $89.84 and its two-hundred day moving average price is $94.29.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.72 by $0.43. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. The business had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the business posted $1.58 EPS. As a group, equities analysts predict that Autoliv will post 9.51 earnings per share for the current year.

Insider Activity at Autoliv

In other Autoliv news, insider Magnus Jarlegren sold 1,289 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $98.83, for a total transaction of $127,391.87. Following the completion of the transaction, the insider now directly owns 6,142 shares in the company, valued at approximately $607,013.86. This represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Fredrik Westin sold 1,803 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $99.19, for a total transaction of $178,839.57. Following the transaction, the chief financial officer now owns 7,261 shares of the company’s stock, valued at $720,218.59. This represents a 19.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,253 shares of company stock worth $915,534 in the last three months. Company insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Autoliv

Large investors have recently added to or reduced their stakes in the stock. Lancaster Investment Management raised its position in Autoliv by 17.7% during the fourth quarter. Lancaster Investment Management now owns 568,821 shares of the auto parts company’s stock worth $53,350,000 after acquiring an additional 85,732 shares during the period. ABC Arbitrage SA purchased a new stake in shares of Autoliv during the fourth quarter worth $394,000. Barclays PLC grew its holdings in shares of Autoliv by 41.5% during the third quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock worth $2,821,000 after buying an additional 8,859 shares in the last quarter. Callan Family Office LLC purchased a new stake in shares of Autoliv during the fourth quarter worth $326,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Autoliv during the fourth quarter worth $3,815,000. 69.57% of the stock is currently 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.