Autoliv (NYSE:ALV) PT Raised to $129.00 at JPMorgan Chase & Co.

Autoliv (NYSE:ALV) had its price objective hoisted by analysts at JPMorgan Chase & Co. from $117.00 to $129.00 in a report issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 9.33% from the stock’s previous close.

Several other research firms have also recently weighed in on ALV. Berenberg Bank upgraded Autoliv from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Friday, January 12th. Barclays boosted their target price on Autoliv from $107.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Wolfe Research cut Autoliv from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. StockNews.com upgraded Autoliv from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Finally, Wells Fargo & Company boosted their target price on Autoliv from $101.00 to $107.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $117.82.

Autoliv Price Performance

Autoliv stock opened at $117.99 on Monday. Autoliv has a 1 year low of $79.66 and a 1 year high of $124.38. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $9.61 billion, a P/E ratio of 20.52, a PEG ratio of 0.76 and a beta of 1.72. The business has a 50-day moving average of $117.08 and a 200-day moving average of $107.46.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, January 26th. The auto parts company reported $3.74 earnings per share for the quarter, beating the consensus estimate of $3.37 by $0.37. Autoliv had a return on equity of 27.13% and a net margin of 4.66%. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter in the previous year, the business posted $1.83 EPS. Autoliv’s revenue for the quarter was up 17.8% on a year-over-year basis. On average, equities analysts anticipate that Autoliv will post 9.68 EPS for the current year.

Insider Transactions at Autoliv

In other news, VP Mikael Hagstrom sold 327 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.69, for a total transaction of $35,868.63. Following the sale, the vice president now owns 327 shares in the company, valued at approximately $35,868.63. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, VP Mikael Hagstrom sold 327 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.69, for a total transaction of $35,868.63. Following the transaction, the vice president now directly owns 327 shares of the company’s stock, valued at approximately $35,868.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mikael Bratt sold 4,226 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.72, for a total value of $463,676.72. Following the transaction, the chief executive officer now directly owns 17,547 shares in the company, valued at $1,925,256.84. The disclosure for this sale can be found here. Insiders have sold a total of 8,388 shares of company stock worth $921,757 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. acquired a new position in Autoliv in the 4th quarter valued at $27,000. Rise Advisors LLC grew its holdings in Autoliv by 84.1% in the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock valued at $29,000 after buying an additional 122 shares in the last quarter. Register Financial Advisors LLC acquired a new position in Autoliv in the 1st quarter valued at $36,000. Parallel Advisors LLC grew its holdings in Autoliv by 83.8% in the 4th quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock valued at $54,000 after buying an additional 223 shares in the last quarter. Finally, TFO Wealth Partners LLC grew its holdings in Autoliv by 15,425.0% in the 4th quarter. TFO Wealth Partners LLC now owns 621 shares of the auto parts company’s stock valued at $68,000 after buying an additional 617 shares in the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

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.