Wells Fargo & Company Issues Positive Forecast for Autoliv (NYSE:ALV) Stock Price

Autoliv (NYSE:ALV) had its price objective increased by equities research analysts at Wells Fargo & Company from $116.00 to $122.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 1.14% from the company’s previous close.

Several other equities research analysts also recently issued reports on ALV. UBS Group upped their price target on Autoliv from $110.00 to $122.00 and gave the stock a “neutral” rating in a report on Monday, June 15th. Robert W. Baird increased their target price on shares of Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Jefferies Financial Group upgraded shares of Autoliv to a “hold” rating in a report on Monday, June 15th. TD Cowen decreased their price objective on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Finally, Bank of America started coverage on Autoliv in a research note on Thursday, April 16th. They issued a “buy” rating and a $140.00 target price on the stock. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Autoliv currently has a consensus rating of “Moderate Buy” and an average target price of $135.27.

Autoliv Stock Up 1.5%

ALV traded up $1.73 during trading on Thursday, hitting $120.63. 86,200 shares of the company’s stock were exchanged, compared to its average volume of 780,893. Autoliv has a fifty-two week low of $99.16 and a fifty-two week high of $132.17. The stock has a market cap of $9.03 billion, a P/E ratio of 12.96, a PEG ratio of 0.78 and a beta of 1.33. The business’s 50 day moving average is $120.93 and its two-hundred day moving average is $118.70. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.64.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Saturday, April 18th. The auto parts company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.21. The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $2.15 earnings per share. As a group, equities analysts expect that Autoliv will post 10.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Autoliv

In other news, Director Jan Carlson sold 19,607 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the completion of the sale, the director owned 60,000 shares in the company, valued at $7,800,000. This trade represents a 24.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ALV. JPMorgan Chase & Co. lifted its stake in shares of Autoliv by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 180,208 shares of the auto parts company’s stock valued at $22,256,000 after buying an additional 18,673 shares in the last quarter. Elo Mutual Pension Insurance Co purchased a new position in Autoliv in the 3rd quarter valued at approximately $2,198,000. Artemis Investment Management LLP purchased a new position in Autoliv in the 4th quarter valued at approximately $2,075,000. SG Americas Securities LLC raised its holdings in Autoliv by 576.9% during the 4th quarter. SG Americas Securities LLC now owns 17,287 shares of the auto parts company’s stock valued at $2,052,000 after acquiring an additional 14,733 shares during the period. Finally, Citigroup Inc. boosted its holdings in shares of Autoliv by 118.3% in the third quarter. Citigroup Inc. now owns 35,705 shares of the auto parts company’s stock worth $4,410,000 after acquiring an additional 19,347 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

About Autoliv

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.