Autoliv (NYSE:ALV)‘s stock had its “buy” rating restated by research analysts at Longbow Research in a research note issued on Friday. They currently have a $120.00 target price on the auto parts company’s stock. Longbow Research’s price target indicates a potential upside of 33.87% from the company’s current price.

The analysts wrote, “On average, ALV’s stock traded at 7.4x the past 5 years and stands at 6.2x today following the VNE spin- off. On a P/E basis, shares have traded at 15.0x on average the past 5 years and currently trades at 9.8x.””

Several other brokerages also recently weighed in on ALV. Zacks Investment Research downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Royal Bank of Canada lowered their price target on shares of Autoliv to $127.00 and set a “sector perform” rating for the company in a report on Monday, April 30th. Citigroup lowered their price target on shares of Autoliv to $154.00 and set a “neutral” rating for the company in a report on Tuesday, May 8th. Daiwa Capital Markets upgraded shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $118.00 price target for the company in a report on Monday, July 16th. Finally, Barclays lowered their price target on shares of Autoliv from $106.00 to $82.00 and set an “underweight” rating for the company in a report on Thursday, July 5th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $121.82.

Shares of ALV opened at $89.64 on Friday. Autoliv has a fifty-two week low of $75.66 and a fifty-two week high of $115.37. The company has a market cap of $7.81 billion, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 0.68 and a beta of 1.28. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.84.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, July 27th. The auto parts company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.34. Autoliv had a net margin of 3.09% and a return on equity of 17.38%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the prior year, the firm earned $1.50 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. research analysts forecast that Autoliv will post 7.93 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of ALV. BlackRock Inc. boosted its holdings in shares of Autoliv by 6.7% in the 2nd quarter. BlackRock Inc. now owns 2,958,591 shares of the auto parts company’s stock valued at $423,729,000 after buying an additional 186,407 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Autoliv by 257.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 86,389 shares of the auto parts company’s stock valued at $12,373,000 after buying an additional 62,247 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Autoliv by 64.3% in the 2nd quarter. Schroder Investment Management Group now owns 157,097 shares of the auto parts company’s stock valued at $22,312,000 after buying an additional 61,452 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Autoliv by 122.6% in the 1st quarter. JPMorgan Chase & Co. now owns 73,452 shares of the auto parts company’s stock valued at $10,720,000 after buying an additional 40,449 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Autoliv by 301.7% in the 1st quarter. Russell Investments Group Ltd. now owns 46,572 shares of the auto parts company’s stock valued at $6,749,000 after buying an additional 34,978 shares in the last quarter. Institutional investors and hedge funds own 39.82% of the company’s stock.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers 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.

Further Reading: Outstanding Shares and The Effect on Share Price

Analyst Recommendations for Autoliv (NYSE:ALV)

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