Autoliv (NYSE:ALV) Price Target Lowered to $82.00 at Wells Fargo & Company

Autoliv (NYSE:ALV) had its price target reduced by Wells Fargo & Company from $84.00 to $82.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price objective suggests a potential downside of 6.00% from the stock’s current price.

Several other brokerages have also issued reports on ALV. Cowen initiated coverage on Autoliv in a research note on Thursday, March 6th. They set a “buy” rating for the company. Daiwa America upgraded shares of Autoliv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Mizuho decreased their price objective on shares of Autoliv from $112.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, April 10th. Barclays upgraded Autoliv from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $110.00 to $97.00 in a research note on Tuesday. Finally, StockNews.com downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $112.64.

Autoliv Price Performance

NYSE ALV traded up $0.42 during trading on Thursday, reaching $87.23. 399,364 shares of the company traded hands, compared to its average volume of 815,138. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 0.73 and a beta of 1.47. Autoliv has a 1-year low of $75.49 and a 1-year high of $129.38. The stock’s 50 day moving average price is $90.96 and its two-hundred day moving average price is $94.42.

Autoliv (NYSE:ALV) last posted its earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.43. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.50 billion. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. During the same period in the previous year, the company earned $1.58 EPS. As a group, analysts anticipate that Autoliv will post 9.51 EPS for the current year.

Insider Transactions at Autoliv

In other Autoliv news, CEO Mikael Bratt sold 5,760 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $98.90, for a total transaction of $569,664.00. Following the completion of the transaction, the chief executive officer now owns 23,307 shares in the company, valued at $2,305,062.30. The trade was a 19.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Fredrik Westin sold 1,803 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $99.19, for a total value of $178,839.57. Following the sale, the chief financial officer now owns 7,261 shares of the company’s stock, valued at approximately $720,218.59. The trade was a 19.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,253 shares of company stock worth $915,534 in the last quarter. Company insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Autoliv

Large investors have recently made changes to their positions in the stock. Barclays PLC raised its holdings in Autoliv by 41.5% in the 3rd quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock valued at $2,821,000 after acquiring an additional 8,859 shares during the last quarter. Geode Capital Management LLC lifted its position in Autoliv by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock worth $92,221,000 after acquiring an additional 95,888 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Autoliv in the third quarter valued at $1,684,000. JPMorgan Chase & Co. grew its stake in shares of Autoliv by 38.3% during the third quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company’s stock valued at $25,800,000 after acquiring an additional 76,510 shares in the last quarter. Finally, Fortem Financial Group LLC increased its holdings in Autoliv by 3.5% during the 4th quarter. Fortem Financial Group LLC now owns 6,753 shares of the auto parts company’s stock worth $633,000 after purchasing an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.