Autoliv (NYSE:ALV) Price Target Lowered to $112.00 at Mizuho

Autoliv (NYSE:ALV) had its price objective reduced by investment analysts at Mizuho from $115.00 to $112.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the auto parts company’s stock. Mizuho’s target price would suggest a potential upside of 19.39% from the stock’s previous close.

A number of other analysts have also recently weighed in on ALV. StockNews.com upgraded Autoliv from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Daiwa America upgraded Autoliv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Wells Fargo & Company reduced their price target on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a report on Monday, December 16th. Daiwa Capital Markets raised shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price objective on the stock in a report on Tuesday, January 7th. Finally, Robert W. Baird boosted their target price on shares of Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $119.85.

Autoliv Stock Performance

Shares of ALV traded down $2.85 during mid-day trading on Monday, hitting $93.81. The stock had a trading volume of 914,124 shares, compared to its average volume of 717,727. Autoliv has a fifty-two week low of $89.51 and a fifty-two week high of $129.38. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. The company has a market cap of $7.29 billion, a PE ratio of 11.67, a PEG ratio of 0.72 and a beta of 1.58. The company’s fifty day simple moving average is $96.63 and its two-hundred day simple moving average is $96.88.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 EPS for the quarter, beating the consensus estimate of $2.84 by $0.21. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. On average, equities analysts expect that Autoliv will post 10.05 earnings per share for the current year.

Institutional Investors Weigh In On Autoliv

A number of institutional investors and hedge funds have recently modified their holdings of ALV. UMB Bank n.a. lifted its stake in Autoliv by 139.5% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock valued at $26,000 after buying an additional 159 shares in the last quarter. Fred Alger Management LLC purchased a new position in shares of Autoliv during the third quarter valued at $45,000. Farther Finance Advisors LLC raised its position in Autoliv by 2,115.5% during the third quarter. Farther Finance Advisors LLC now owns 2,282 shares of the auto parts company’s stock valued at $213,000 after buying an additional 2,179 shares during the period. Foundations Investment Advisors LLC purchased a new stake in Autoliv in the 3rd quarter worth about $222,000. Finally, CIBC Asset Management Inc lifted its stake in Autoliv by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock worth $235,000 after acquiring an additional 124 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.