Autoliv, Inc. (NYSE:ALV)‘s stock had its “buy” rating restated by analysts at KeyCorp in a note issued to investors on Monday, November 6th. They currently have a $146.00 target price on the auto parts company’s stock, up from their previous target price of $136.00. KeyCorp’s target price indicates a potential upside of 20.47% from the company’s previous close. KeyCorp also issued estimates for Autoliv’s Q4 2017 earnings at $1.77 EPS, FY2017 earnings at $6.31 EPS, Q1 2018 earnings at $1.95 EPS, Q2 2018 earnings at $1.84 EPS, Q3 2018 earnings at $1.74 EPS, Q4 2018 earnings at $1.88 EPS, FY2018 earnings at $7.41 EPS and FY2019 earnings at $8.56 EPS.
A number of other brokerages have also weighed in on ALV. Mizuho lifted their price target on shares of Autoliv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 15th. Zacks Investment Research raised shares of Autoliv from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Wednesday, November 1st. Piper Jaffray Companies set a $99.00 price target on shares of Autoliv and gave the company a “hold” rating in a research note on Monday, October 16th. Bank of America Corporation lowered their price objective on shares of Autoliv from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Tuesday, July 25th. Finally, Jefferies Group LLC set a $145.00 price objective on shares of Autoliv and gave the company a “buy” rating in a report on Thursday, October 26th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. Autoliv currently has an average rating of “Hold” and a consensus target price of $108.55.
Autoliv (NYSE ALV) opened at $121.19 on Monday. The stock has a market cap of $10,537.83, a PE ratio of 19.33, a PEG ratio of 2.36 and a beta of 1.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.55 and a quick ratio of 1.23. Autoliv has a one year low of $96.08 and a one year high of $127.75.
Autoliv (NYSE:ALV) last issued its earnings results on Thursday, October 26th. The auto parts company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.14. Autoliv had a net margin of 4.96% and a return on equity of 13.42%. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm earned $1.63 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. sell-side analysts expect that Autoliv will post 6.26 earnings per share for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Autoliv by 2,592.0% in the first quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock valued at $277,583,000 after buying an additional 2,613,635 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Autoliv by 915.3% during the 2nd quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the auto parts company’s stock worth $244,927,000 after buying an additional 2,010,970 shares in the last quarter. FMR LLC boosted its holdings in shares of Autoliv by 7.3% during the 2nd quarter. FMR LLC now owns 1,821,095 shares of the auto parts company’s stock worth $199,956,000 after buying an additional 123,781 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Autoliv by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,400,499 shares of the auto parts company’s stock worth $153,774,000 after buying an additional 24,364 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Autoliv by 6.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 865,594 shares of the auto parts company’s stock worth $106,986,000 after buying an additional 52,231 shares in the last quarter. 32.69% of the stock is owned by institutional investors.
Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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