Autoliv (ALV) Given a $115.00 Price Target by Jefferies Financial Group Analysts

Autoliv (NYSE:ALV) has been given a $115.00 target price by equities research analysts at Jefferies Financial Group in a research note issued on Monday, August 6th. The brokerage presently has a “buy” rating on the auto parts company’s stock. Jefferies Financial Group’s price objective points to a potential upside of 29.08% from the stock’s current price. Jefferies Financial Group also issued estimates for Autoliv’s FY2018 earnings at $7.69 EPS, FY2019 earnings at $9.09 EPS and FY2020 earnings at $10.78 EPS.

Other research analysts have also recently issued reports about the stock. Evercore ISI raised shares of Autoliv from an “underperform” rating to an “in-line” rating in a report on Monday, July 2nd. Wells Fargo & Co lowered their target price on shares of Autoliv from $115.00 to $113.00 and set a “market perform” rating on the stock in a report on Monday, July 30th. Citigroup lowered their target price on shares of Autoliv to $154.00 and set a “neutral” rating on the stock in a report on Tuesday, May 8th. Longbow Research set a $168.00 target price on shares of Autoliv and gave the stock a “buy” rating in a report on Monday, April 30th. Finally, ValuEngine cut shares of Autoliv from a “strong-buy” rating to a “buy” rating in a report on Friday, April 27th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $121.55.

NYSE:ALV traded down $1.64 during mid-day trading on Monday, hitting $89.09. The stock had a trading volume of 458,800 shares, compared to its average volume of 762,303. The company has a market capitalization of $7.99 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 0.69 and a beta of 1.28. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.97 and a current ratio of 1.23. Autoliv has a twelve month low of $75.66 and a twelve month high of $115.37.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, July 27th. The auto parts company reported $2.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.34. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Autoliv had a net margin of 3.09% and a return on equity of 17.38%. The business’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.50 EPS. equities analysts forecast that Autoliv will post 7.93 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Legacy Advisors LLC acquired a new stake in Autoliv in the second quarter valued at approximately $176,000. Engineers Gate Manager LP acquired a new stake in Autoliv in the second quarter valued at approximately $201,000. GSA Capital Partners LLP acquired a new stake in Autoliv in the second quarter valued at approximately $204,000. Parametrica Management Ltd acquired a new stake in Autoliv in the first quarter valued at approximately $223,000. Finally, Wsfs Capital Management LLC acquired a new stake in Autoliv in the first quarter valued at approximately $229,000. Hedge funds and other institutional investors own 40.40% 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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