Autoliv (NYSE:ALV)‘s stock had its “buy” rating restated by research analysts at JPMorgan Chase & Co. in a note issued to investors on Friday, Stock Target Advisor reports. They presently have a $234.00 price target on the auto parts company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 171.12% from the company’s current price.
Other research analysts also recently issued reports about the company. Robert W. Baird upgraded Autoliv from an “underperform” rating to a “neutral” rating and set a $74.00 price objective for the company in a research note on Monday, July 15th. ValuEngine raised Autoliv from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Nordea Equity Research raised Autoliv from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Deutsche Bank reissued a “buy” rating and issued a $225.00 price target on shares of Autoliv in a research note on Thursday, October 17th. Finally, Mizuho raised Autoliv from a “neutral” rating to a “buy” rating and increased their price target for the stock from $80.00 to $91.00 in a research note on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $148.92.
ALV traded up $0.36 during trading on Friday, reaching $86.31. 184,192 shares of the company were exchanged, compared to its average volume of 613,501. The stock has a market cap of $7.38 billion, a P/E ratio of 12.64, a PEG ratio of 1.92 and a beta of 1.50. The firm has a 50 day moving average of $79.35 and a 200 day moving average of $72.65. The company has a current ratio of 1.26, a quick ratio of 0.94 and a debt-to-equity ratio of 0.97. Autoliv has a 52 week low of $61.07 and a 52 week high of $91.00.
Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, October 25th. The auto parts company reported $1.30 EPS for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.08). The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.05 billion. Autoliv had a return on equity of 23.42% and a net margin of 2.51%. Autoliv’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.35 earnings per share. As a group, analysts forecast that Autoliv will post 5.65 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. acquired a new stake in shares of Autoliv in the second quarter valued at $30,000. Financial Gravity Wealth Inc. lifted its holdings 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 valued at $55,000 after buying an additional 644 shares during the period. HM Payson & Co. acquired a new stake in shares of Autoliv in the second quarter valued at $143,000. Mirova acquired a new stake in shares of Autoliv in the second quarter valued at $160,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of Autoliv in the second quarter valued at $176,000. Institutional investors and hedge funds own 37.88% of the company’s stock.
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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