Autoliv (NYSE:ALV)‘s stock had its “buy” rating reissued by stock analysts at Mizuho in a research note issued on Monday, December 11th. They currently have a $140.00 target price on the auto parts company’s stock. Mizuho’s price target would indicate a potential upside of 8.92% from the company’s previous close.
The analysts wrote, “We would note with APTV being strictly the Electronics and Safety segment now, the company is trading at ~1.7x F19E P/S, above the Powertrain segment (Delphi Technologies; DLPH) at ~1.0x and peer ALV at ~1x P/S. We believe an ALV split (with a decision expected late December) could unlock shareholder value as we show in subsequent pages.””
ALV has been the topic of a number of other reports. Zacks Investment Research upgraded Autoliv from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Wednesday, November 1st. Piper Jaffray Companies set a $99.00 price target on Autoliv and gave the company a “hold” rating in a research report on Monday, October 16th. KeyCorp reiterated a “buy” rating and issued a $146.00 price target (up from $136.00) on shares of Autoliv in a research report on Monday, November 6th. Jefferies Group set a $145.00 price target on Autoliv and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Citigroup upped their price target on Autoliv from $105.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, September 15th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $110.48.
Autoliv (NYSE:ALV) last issued its earnings results on Thursday, October 26th. The auto parts company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.14. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.50 billion. Autoliv had a return on equity of 13.42% and a net margin of 4.96%. Autoliv’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.63 earnings per share. equities analysts anticipate that Autoliv will post 6.28 EPS for the current year.
In other news, insider Johan Lofvenholm sold 3,965 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $128.00, for a total transaction of $507,520.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.25% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank boosted its holdings in Autoliv by 11.7% in the second quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock valued at $119,000 after acquiring an additional 114 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Autoliv by 43.9% in the second quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock valued at $149,000 after acquiring an additional 414 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Autoliv by 288.3% in the second quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock valued at $156,000 after acquiring an additional 1,058 shares during the last quarter. ARP Americas LLC bought a new position in Autoliv in the third quarter valued at about $235,000. Finally, JPMorgan Chase & Co. boosted its holdings in Autoliv by 9.8% in the second quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock valued at $210,000 after acquiring an additional 171 shares during the last quarter. Institutional investors and hedge funds own 33.51% of the company’s stock.
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Autoliv Company Profile
Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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