Autoliv Inc. (NYSE:ALV) Receives $78.33 Consensus PT from Analysts
Autoliv Inc. (NYSE:ALV) has earned a consensus rating of “Hold” from the twenty-four research firms that are presently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $78.33.
Several equities analysts have recently commented on the company. Robert W. Baird upgraded Autoliv from an “underperform” rating to a “neutral” rating and set a $74.00 price target on the stock in a research note on Monday, July 15th. JPMorgan Chase & Co. cut their price target on Autoliv from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Mizuho restated a “hold” rating and set a $80.00 price target on shares of Autoliv in a research note on Monday, July 22nd. Royal Bank of Canada cut their price target on Autoliv from $63.00 to $61.00 and set an “underperform” rating on the stock in a research note on Monday, July 22nd. Finally, ValuEngine upgraded Autoliv from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st.
A number of hedge funds have recently modified their holdings of ALV. Rockefeller Capital Management L.P. purchased a new position in shares of Autoliv in the second quarter worth about $30,000. Icon Wealth Partners LLC purchased a new position in shares of Autoliv in the first quarter worth about $57,000. Financial Gravity Wealth Inc. raised its stake in shares of Autoliv by 495.4% in the second quarter. Financial Gravity Wealth Inc. now owns 774 shares of the auto parts company’s stock worth $55,000 after purchasing an additional 644 shares during the last quarter. Pearl River Capital LLC purchased a new position in shares of Autoliv in the first quarter worth about $132,000. Finally, Mirova purchased a new position in shares of Autoliv in the second quarter worth about $160,000. 35.98% of the stock is currently owned by institutional investors.
Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 19th. The auto parts company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.37 by $0.01. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.15 billion. Autoliv had a return on equity of 23.49% and a net margin of 2.89%. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.22 earnings per share. On average, equities research analysts anticipate that Autoliv will post 5.94 earnings per share for the current fiscal year.
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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