Royal Bank Of Canada Has Lowered Expectations for Autoliv (NYSE:ALV) Stock Price

Autoliv (NYSE:ALV) had its price target decreased by research analysts at Royal Bank Of Canada from $147.00 to $146.00 in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the auto parts company’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 28.20% from the stock’s current price.

Several other brokerages have also issued reports on ALV. Wells Fargo & Company raised their price target on shares of Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. TD Cowen downgraded Autoliv from a “buy” rating to a “hold” rating and dropped their price objective for the company from $148.00 to $137.00 in a research note on Tuesday, September 8th. Wall Street Zen downgraded Autoliv from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Jefferies Financial Group reduced their price objective on Autoliv from $134.00 to $119.00 and set a “hold” rating for the company in a report on Tuesday, September 22nd. Finally, Weiss Ratings raised Autoliv from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 24th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $134.85.

Autoliv Price Performance

ALV opened at $113.88 on Monday. The firm has a market cap of $8.34 billion, a P/E ratio of 13.41, a PEG ratio of 0.88 and a beta of 1.39. The firm has a 50-day moving average of $118.69 and a 200 day moving average of $118.59. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.03. Autoliv has a fifty-two week low of $99.16 and a fifty-two week high of $132.17.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, July 17th. The auto parts company reported $2.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.03). The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Autoliv had a return on equity of 29.36% and a net margin of 5.79%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $2.21 EPS. On average, research analysts expect that Autoliv will post 10.04 EPS for the current year.

Hedge Funds Weigh In On Autoliv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Autoliv in the 2nd quarter valued at about $573,245,000. Bank of New York Mellon Corp bought a new stake in shares of Autoliv during the 2nd quarter valued at about $65,124,000. ABN AMRO Bank N.V. bought a new stake in shares of Autoliv during the 2nd quarter valued at about $33,456,000. Pacer Advisors Inc. boosted its position in shares of Autoliv by 3,296.4% during the 1st quarter. Pacer Advisors Inc. now owns 283,973 shares of the auto parts company’s stock valued at $29,863,000 after acquiring an additional 275,612 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Autoliv during the second quarter worth about $19,203,000. Institutional investors own 69.57% of the company’s stock.

About Autoliv

Autoliv, Inc (NYSE: ALV) is a Swedish-American automotive safety supplier that develops and manufactures systems designed to protect vehicle occupants and other road users. Its products include airbags, seat belts, steering wheels, inflators, restraint systems and related safety components used by automobile manufacturers worldwide.

The company serves global automakers and operates engineering, manufacturing and technical centers across major automotive markets in Europe, the Americas and Asia.