Evercore ISI Lowers Autoliv (NYSE:ALV) Price Target to $145.00

Autoliv (NYSE:ALV) had its price target lowered by equities researchers at Evercore ISI from $150.00 to $145.00 in a report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the auto parts company’s stock. Evercore ISI’s target price points to a potential upside of 19.89% from the company’s previous close.

Several other analysts also recently issued reports on the stock. Wall Street Zen downgraded shares of Autoliv from a “strong-buy” rating to a “buy” rating in a report on Saturday. UBS Group reiterated an “outperform” rating on shares of Autoliv in a research report on Monday, October 20th. Morgan Stanley set a $140.00 price target on shares of Autoliv in a research note on Wednesday, November 26th. JPMorgan Chase & Co. upgraded Autoliv from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $109.00 to $140.00 in a report on Wednesday, November 26th. Finally, Barclays reiterated an “overweight” rating and set a $140.00 target price on shares of Autoliv in a report on Monday. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Autoliv has a consensus rating of “Moderate Buy” and an average target price of $132.06.

Autoliv Trading Down 4.3%

NYSE:ALV opened at $120.94 on Monday. The company has a quick ratio of 0.79, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. Autoliv has a 52-week low of $75.49 and a 52-week high of $130.14. The stock’s 50 day moving average price is $121.89 and its 200 day moving average price is $120.67. The company has a market capitalization of $9.19 billion, a PE ratio of 12.65, a P/E/G ratio of 0.75 and a beta of 1.32.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, January 30th. The auto parts company reported $3.19 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.34. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.77 billion. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.The company’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $3.05 EPS. On average, research analysts anticipate that Autoliv will post 9.51 EPS for the current year.

Hedge Funds Weigh In On Autoliv

Several hedge funds and other institutional investors have recently modified their holdings of the company. IFP Advisors Inc lifted its stake in shares of Autoliv by 110.3% in the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 107 shares during the period. Torren Management LLC purchased a new stake in Autoliv during the fourth quarter valued at about $25,000. Root Financial Partners LLC purchased a new stake in shares of Autoliv in the 3rd quarter valued at approximately $32,000. True Wealth Design LLC lifted its holdings in shares of Autoliv by 1,892.3% in the second quarter. True Wealth Design LLC now owns 259 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 246 shares in the last quarter. Finally, Quarry LP purchased a new stake in Autoliv in the 3rd quarter worth about $36,000. Institutional investors and hedge funds 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.