Autoliv, Inc. (NYSE:ALV) Receives $128.00 Average PT from Brokerages

Shares of Autoliv, Inc. (NYSE:ALV) have earned a consensus rating of “Moderate Buy” from the eighteen research firms that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $128.00.

A number of brokerages recently weighed in on ALV. Robert W. Baird decreased their price target on shares of Autoliv from $135.00 to $133.00 and set a “neutral” rating on the stock in a research note on Monday, October 20th. Barclays raised their price target on shares of Autoliv from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft set a $133.00 price target on shares of Autoliv in a research note on Friday, October 10th. Wells Fargo & Company decreased their target price on shares of Autoliv from $132.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Monday, October 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Autoliv in a research note on Wednesday, October 8th.

Autoliv Trading Up 1.4%

ALV stock opened at $121.41 on Friday. The firm has a market cap of $9.22 billion, a P/E ratio of 12.54, a PEG ratio of 0.88 and a beta of 1.35. Autoliv has a 52-week low of $75.49 and a 52-week high of $129.54. The company’s 50-day simple moving average is $122.26 and its 200-day simple moving average is $113.32. 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 (NYSE:ALV) last issued its quarterly earnings results on Friday, October 17th. The auto parts company reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.22. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. Autoliv had a net margin of 7.09% and a return on equity of 31.22%. Autoliv’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company posted $1.84 EPS. As a group, equities analysts forecast that Autoliv will post 9.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Autoliv

A number of hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its position in Autoliv by 122.9% in the first quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company’s stock valued at $33,000 after purchasing an additional 204 shares during the period. Summit Securities Group LLC purchased a new stake in Autoliv in the first quarter valued at approximately $1,029,000. Impax Asset Management Group plc raised its position in Autoliv by 11.9% in the first 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. Entropy Technologies LP purchased a new stake in Autoliv in the first quarter valued at approximately $407,000. Finally, Charles Schwab Investment Management Inc. raised its position in Autoliv by 418.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company’s stock valued at $219,686,000 after purchasing an additional 2,004,515 shares during the period. Hedge funds and other 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.