TD Cowen Cuts Autoliv (NYSE:ALV) Price Target to $148.00

Autoliv (NYSE:ALV) had its target price decreased by equities research analysts at TD Cowen from $150.00 to $148.00 in a report released on Monday, MarketBeat reports. The brokerage currently has a “buy” rating on the auto parts company’s stock. TD Cowen’s target price would suggest a potential upside of 25.42% from the stock’s current price.

Several other equities research analysts have also weighed in on the company. Bank of America initiated coverage on Autoliv in a research report on Thursday, April 16th. They set a “buy” rating and a $140.00 target price on the stock. Jefferies Financial Group upgraded shares of Autoliv to a “hold” rating in a research note on Monday, June 15th. Robert W. Baird boosted their price objective on shares of Autoliv from $119.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Barclays lowered their target price on shares of Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, March 30th. Finally, UBS Group lifted their price target on shares of Autoliv from $110.00 to $122.00 and gave the stock a “neutral” rating in a research note on Monday, June 15th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.93.

Autoliv Stock Down 1.9%

NYSE ALV traded down $2.26 during trading hours on Monday, hitting $118.00. 58,482 shares of the company were exchanged, compared to its average volume of 780,434. The company has a 50 day moving average of $121.82 and a two-hundred day moving average of $118.62. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. Autoliv has a 52-week low of $99.16 and a 52-week high of $132.17. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 0.80 and a beta of 1.35.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, July 17th. The auto parts company reported $2.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.46 by ($0.03). The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.21 EPS. Equities research analysts anticipate that Autoliv will post 10.52 earnings per share for the current year.

Insider Buying and Selling at Autoliv

In related news, Director Jan Carlson sold 19,607 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the transaction, the director owned 60,000 shares of the company’s stock, valued at $7,800,000. This trade represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new position in Autoliv during the 1st quarter worth approximately $412,000. NewEdge Advisors LLC lifted its holdings in shares of Autoliv by 11.2% in the 1st quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company’s stock valued at $287,000 after buying an additional 326 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Autoliv by 3,361.1% in the first quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company’s stock valued at $937,000 after buying an additional 10,285 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Autoliv by 88.5% in the first quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company’s stock valued at $16,935,000 after buying an additional 89,918 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in Autoliv by 5.1% during the second quarter. Cetera Investment Advisers now owns 5,497 shares of the auto parts company’s stock worth $615,000 after acquiring an additional 268 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Company Profile

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.