Citigroup Trims Autoliv (ALV) Target Price to $88.00

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Autoliv (NYSE:ALV) had its target price dropped by equities researchers at Citigroup from $100.00 to $88.00 in a report released on Friday, Stock Target Advisor reports. The firm currently has a “neutral” rating on the auto parts company’s stock. Citigroup’s price objective indicates a potential upside of 9.86% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. Evercore ISI downgraded shares of Autoliv to a “hold” rating and set a $90.00 target price for the company. in a research note on Friday. Jefferies Financial Group set a $100.00 target price on shares of Autoliv and gave the stock a “buy” rating in a research note on Friday, October 5th. Buckingham Research dropped their target price on shares of Autoliv from $130.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, October 3rd. Wolfe Research assumed coverage on shares of Autoliv in a research note on Tuesday, October 2nd. They issued an “underperform” rating for the company. Finally, Robert W. Baird downgraded shares of Autoliv from an “outperform” rating to a “neutral” rating in a research note on Monday, October 1st. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the stock. Autoliv presently has an average rating of “Hold” and a consensus price target of $119.52.

Shares of NYSE ALV opened at $80.10 on Friday. Autoliv has a 1-year low of $78.11 and a 1-year high of $115.37. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 0.66 and a beta of 1.22. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.84.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, July 27th. The auto parts company reported $2.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.34. Autoliv had a net margin of 3.09% and a return on equity of 17.38%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the firm posted $1.50 earnings per share. The company’s revenue was up 11.5% on a year-over-year basis. On average, equities research analysts anticipate that Autoliv will post 7.89 earnings per share for the current year.

In other news, Director Jan Carlson sold 42,589 shares of Autoliv stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $89.53, for a total transaction of $3,812,993.17. Following the completion of the sale, the director now owns 53,579 shares in the company, valued at approximately $4,796,927.87. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.25% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Legacy Advisors LLC acquired a new position in Autoliv during the second quarter valued at approximately $176,000. Engineers Gate Manager LP acquired a new position in Autoliv during the second quarter valued at approximately $201,000. GSA Capital Partners LLP acquired a new position in Autoliv during the second quarter valued at approximately $204,000. First Republic Investment Management Inc. acquired a new position in Autoliv during the second quarter valued at approximately $229,000. Finally, Verition Fund Management LLC acquired a new position in Autoliv during the second quarter valued at approximately $233,000. Hedge funds and other institutional investors own 40.44% of the company’s stock.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers 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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Analyst Recommendations for Autoliv (NYSE:ALV)

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