Autoliv (NYSE:ALV) Price Target Cut to $134.00 by Analysts at Bank of America

Autoliv (NYSE:ALV) had its price objective decreased by research analysts at Bank of America from $137.00 to $134.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the auto parts company’s stock. Bank of America‘s price objective suggests a potential upside of 43.01% from the stock’s previous close.

Several other research firms also recently issued reports on ALV. Barclays cut their target price on Autoliv from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday, July 22nd. Evercore ISI lowered their price target on shares of Autoliv from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $116.00 price target on shares of Autoliv in a report on Tuesday, September 10th. Citigroup lowered their price target on shares of Autoliv from $119.00 to $108.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Finally, Robert W. Baird lowered their price target on shares of Autoliv from $128.00 to $111.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.79.

Autoliv Price Performance

NYSE ALV opened at $93.70 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.73. The stock’s fifty day moving average price is $97.06 and its 200 day moving average price is $109.56. Autoliv has a 1 year low of $89.37 and a 1 year high of $129.38. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 0.68 and a beta of 1.60.

Autoliv (NYSE:ALV) last released its earnings results on Friday, July 19th. The auto parts company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the company earned $1.93 earnings per share. Autoliv’s revenue was down 1.1% on a year-over-year basis. As a group, equities research analysts forecast that Autoliv will post 8.61 earnings per share for the current year.

Institutional Investors Weigh In On Autoliv

Several hedge funds have recently modified their holdings of ALV. Parallel Advisors LLC boosted its stake in shares of Autoliv by 83.8% during the 4th quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock worth $54,000 after acquiring an additional 223 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Autoliv by 12.4% in the 4th quarter. Allianz Asset Management GmbH now owns 29,828 shares of the auto parts company’s stock valued at $3,287,000 after buying an additional 3,284 shares in the last quarter. TFO Wealth Partners LLC lifted its stake 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. KBC Group NV purchased a new position in Autoliv in the 4th quarter valued at about $166,000. Finally, Royal London Asset Management Ltd. lifted its stake in Autoliv by 6.3% in the 4th quarter. Royal London Asset Management Ltd. now owns 33,347 shares of the auto parts company’s stock valued at $3,675,000 after buying an additional 1,982 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

About Autoliv

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.