Smith Barney Citigroup Increases Autoliv (NYSE:ALV) Price Target to $92.00

Autoliv (NYSE:ALV) had its target price lifted by analysts at Smith Barney Citigroup from $84.00 to $92.00 in a research report issued to clients and investors on Monday, The Fly reports. Smith Barney Citigroup’s price objective points to a potential upside of 12.70% from the company’s previous close.

Several other equities research analysts have also commented on the company. Goldman Sachs Group assumed coverage on Autoliv in a research note on Thursday, July 9th. They set a “buy” rating and a $81.00 price target for the company. Mizuho increased their target price on shares of Autoliv from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Autoliv from $85.00 to $93.00 and gave the company a “hold” rating in a report on Monday. JPMorgan Chase & Co. boosted their price objective on shares of Autoliv from $59.00 to $77.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Royal Bank of Canada raised their target price on shares of Autoliv from $90.00 to $99.00 and gave the company an “outperform” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. Autoliv has a consensus rating of “Hold” and a consensus price target of $78.21.

ALV stock traded down $3.31 on Monday, hitting $81.63. 16,062 shares of the company were exchanged, compared to its average volume of 468,936. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.57 and a quick ratio of 1.22. The stock has a market capitalization of $7.42 billion, a price-to-earnings ratio of 46.14 and a beta of 1.94. Autoliv has a twelve month low of $38.16 and a twelve month high of $87.01. The business’s fifty day moving average is $77.73 and its two-hundred day moving average is $67.68.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, October 23rd. The auto parts company reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.29. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Autoliv had a net margin of 2.16% and a return on equity of 11.97%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.30 EPS. Equities research analysts expect that Autoliv will post 2.45 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of ALV. Steward Partners Investment Advisory LLC boosted its position in Autoliv by 377.8% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 387 shares of the auto parts company’s stock valued at $25,000 after buying an additional 306 shares during the last quarter. Hall Laurie J Trustee acquired a new position in shares of Autoliv in the third quarter worth about $33,000. Nachman Norwood & Parrott Inc acquired a new position in shares of Autoliv in the third quarter worth about $73,000. Tower Research Capital LLC TRC boosted its holdings in Autoliv by 22.3% in the first quarter. Tower Research Capital LLC TRC now owns 1,634 shares of the auto parts company’s stock valued at $75,000 after purchasing an additional 298 shares during the last quarter. Finally, Macquarie Group Ltd. grew its stake in Autoliv by 265.4% during the 2nd quarter. Macquarie Group Ltd. now owns 2,605 shares of the auto parts company’s stock valued at $168,000 after purchasing an additional 1,892 shares in the last quarter. Hedge funds and other institutional investors own 37.32% of the company’s stock.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, and battery cable cutters, as well as protection systems for road users, such as pedestrians and cyclists.

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Analyst Recommendations for Autoliv (NYSE:ALV)

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