Autoliv (NYSE:ALV) Price Target Cut to $102.00 by Analysts at Wells Fargo & Company

Autoliv (NYSE:ALV) had its target price dropped by analysts at Wells Fargo & Company from $103.00 to $102.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 7.89% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the stock. Wolfe Research initiated coverage on shares of Autoliv in a research report on Thursday, September 5th. They set an “outperform” rating and a $120.00 price objective for the company. Bank of America lowered their price target on shares of Autoliv from $145.00 to $133.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $116.00 price objective on shares of Autoliv in a report on Tuesday, September 10th. Evercore ISI dropped their target price on Autoliv from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Finally, Hsbc Global Res upgraded Autoliv to a “strong-buy” rating in a report on Monday, July 15th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $124.71.

Autoliv Price Performance

Shares of ALV stock traded down $2.00 during trading hours on Friday, reaching $94.54. The company’s stock had a trading volume of 194,331 shares, compared to its average volume of 660,580. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. Autoliv has a fifty-two week low of $89.37 and a fifty-two week high of $129.38. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 0.65 and a beta of 1.60. The firm’s 50 day simple moving average is $99.32 and its 200-day simple moving average is $111.55.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, July 19th. The auto parts company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.57). The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.73 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the business earned $1.93 earnings per share. Sell-side analysts forecast that Autoliv will post 9.05 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ALV. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Autoliv during the second quarter worth approximately $963,000. Sanctuary Advisors LLC bought a new position in Autoliv during the second quarter worth $402,000. Dana Investment Advisors Inc. grew its holdings in Autoliv by 6.2% in the second quarter. Dana Investment Advisors Inc. now owns 73,481 shares of the auto parts company’s stock worth $7,862,000 after purchasing an additional 4,319 shares during the period. Truist Financial Corp grew its holdings in Autoliv by 13.8% in the second quarter. Truist Financial Corp now owns 3,133 shares of the auto parts company’s stock worth $335,000 after purchasing an additional 380 shares during the period. Finally, Quarry LP increased its stake in Autoliv by 133.5% in the second quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 207 shares in the last quarter. 69.57% of the stock is owned by institutional investors.

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.