Buckingham Research Lowers Autoliv (NYSE:ALV) Price Target to $62.00

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Autoliv (NYSE:ALV) had its target price lowered by stock analysts at Buckingham Research from $70.00 to $62.00 in a note issued to investors on Monday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the auto parts company’s stock. Buckingham Research’s target price indicates a potential downside of 11.43% from the stock’s current price.

ALV has been the topic of a number of other research reports. Nordea Equity Research cut shares of Autoliv from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Royal Bank of Canada upgraded shares of Snap from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $10.00 to $17.00 in a report on Friday, April 5th. Barclays restated a “sell” rating and issued a $57.00 price objective on shares of Autoliv in a report on Sunday, March 31st. Finally, Zacks Investment Research cut shares of Genprex from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. Eight research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $87.96.

Shares of NYSE ALV opened at $70.00 on Monday. Autoliv has a 1 year low of $61.07 and a 1 year high of $107.12. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.14 and a quick ratio of 0.87. The company’s 50-day moving average is $66.94. The stock has a market capitalization of $5.94 billion, a PE ratio of 10.25, a P/E/G ratio of 1.33 and a beta of 1.52.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, April 26th. The auto parts company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.37). The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Autoliv had a net margin of 2.03% and a return on equity of 27.29%. Autoliv’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.66 EPS. On average, equities analysts anticipate that Autoliv will post 6.58 EPS for the current year.

A number of institutional investors have recently modified their holdings of ALV. FIL Ltd lifted its position in Autoliv by 495.5% during the first quarter. FIL Ltd now owns 1,070,843 shares of the auto parts company’s stock valued at $78,738,000 after purchasing an additional 891,035 shares during the period. Norges Bank bought a new position in Autoliv during the fourth quarter valued at approximately $47,801,000. Nordea Investment Management AB lifted its position in Autoliv by 166.7% during the first quarter. Nordea Investment Management AB now owns 663,371 shares of the auto parts company’s stock valued at $48,779,000 after purchasing an additional 414,664 shares during the period. FMR LLC lifted its position in Autoliv by 13.5% during the first quarter. FMR LLC now owns 2,237,425 shares of the auto parts company’s stock valued at $164,518,000 after purchasing an additional 266,418 shares during the period. Finally, Lancaster Investment Management LLP lifted its position in Autoliv by 28.0% during the first quarter. Lancaster Investment Management LLP now owns 776,912 shares of the auto parts company’s stock valued at $57,126,000 after purchasing an additional 169,771 shares during the period. Institutional investors own 35.97% of the company’s stock.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.

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Analyst Recommendations for Autoliv (NYSE:ALV)

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