Autoliv (NYSE:ALV) Given New $140.00 Price Target at Evercore ISI

Autoliv (NYSE:ALV) had its price objective lowered by equities researchers at Evercore ISI from $150.00 to $140.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the auto parts company’s stock. Evercore ISI’s target price would indicate a potential upside of 42.52% from the company’s current price.

ALV has been the subject of several other research reports. BNP Paribas began coverage on shares of Autoliv in a report on Tuesday, June 18th. They issued a “neutral” rating for the company. Barclays lowered their target price on Autoliv from $125.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday. UBS Group upgraded Autoliv from a “neutral” rating to a “buy” rating and boosted their price target for the company from $102.00 to $141.00 in a report on Tuesday, May 28th. Hsbc Global Res upgraded Autoliv to a “strong-buy” rating in a report on Monday, July 15th. Finally, Citigroup cut their target price on Autoliv from $128.00 to $119.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.46.

Autoliv Stock Performance

Shares of Autoliv stock opened at $98.23 on Monday. The stock’s fifty day simple moving average is $114.22 and its 200 day simple moving average is $114.61. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $7.99 billion, a PE ratio of 15.32, a PEG ratio of 0.59 and a beta of 1.61. Autoliv has a 12 month low of $89.37 and a 12 month high of $129.38.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, July 19th. The auto parts company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Autoliv had a return on equity of 30.05% and a net margin of 5.91%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period in the prior year, the business earned $1.93 EPS. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, research analysts predict that Autoliv will post 9.74 EPS for the current year.

Insider Transactions at Autoliv

In related news, Director Jan Carlson sold 1,900 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $126.75, for a total value of $240,825.00. Following the completion of the sale, the director now directly owns 77,493 shares in the company, valued at approximately $9,822,237.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Autoliv

Large investors have recently added to or reduced their stakes in the business. KRS Capital Management LLC boosted its position in Autoliv by 3.7% during the first quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock worth $336,000 after purchasing an additional 100 shares during the period. State of Michigan Retirement System boosted its holdings in shares of Autoliv by 0.6% during the 1st quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock worth $2,180,000 after buying an additional 100 shares during the period. GAMMA Investing LLC grew its stake in Autoliv by 62.7% in the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after buying an additional 101 shares during the last quarter. Corient Private Wealth LLC raised its holdings in Autoliv by 1.1% in the 4th quarter. Corient Private Wealth LLC now owns 9,490 shares of the auto parts company’s stock valued at $1,046,000 after acquiring an additional 107 shares during the period. Finally, Smithfield Trust Co lifted its position in Autoliv by 12.1% during the first quarter. Smithfield Trust Co now owns 1,330 shares of the auto parts company’s stock worth $160,000 after acquiring an additional 144 shares during the last quarter. 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.