Autoliv (NYSE:ALV)‘s stock had its “buy” rating reaffirmed by analysts at Mizuho in a research note issued to investors on Tuesday. They currently have a $160.00 price objective on the auto parts company’s stock. Mizuho’s price objective points to a potential upside of 9.02% from the stock’s current price.
The analysts wrote, “We believe VNE will bring to market the first pure-play Automotive ADAS hardware supplier with Level 4/5 software capabilities (like a 3D-Mapping offering Roadscape (similar to Mobileye REM/TomTom HERE). Mizuho will host meetings with VNE CFO Mathias Hermansson in NY on the first day of its trading. A solid and growing ADAS and software order book. Veoneer has noted a strong ADAS order intake: up 3.5x in the last five years and up 48% in LTM (Exhibit 4), with new LiDAR wins at a major U.S. OEM, major Roadscape 3D- mapping wins at a U.S. customer, an L3 order with and first driver monitoring win in 2018. Veoneer sees solid growth in its Electronics TAM at a 10-12% CAGR through 2025, potential AEB take rates >70% by 2025 vs ~10% today (See Ex-1 and Ex-3).””
Other equities analysts also recently issued research reports about the company. Longbow Research set a $168.00 price target on Autoliv and gave the company a “buy” rating in a research note on Monday, April 30th. ValuEngine downgraded Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 27th. Citigroup cut their price target on Autoliv to $154.00 and set a “neutral” rating for the company in a research note on Tuesday, May 8th. Zacks Investment Research upgraded Autoliv from a “hold” rating to a “buy” rating and set a $153.00 price target for the company in a research note on Monday, April 30th. Finally, Robert W. Baird reiterated a “buy” rating and set a $194.00 price target on shares of Autoliv in a research note on Tuesday, April 17th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $142.20.
Autoliv traded down $1.12, reaching $146.76, during mid-day trading on Tuesday, Marketbeat reports. 35,017 shares of the company traded hands, compared to its average volume of 454,247. The company has a market capitalization of $13.05 billion, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 1.81 and a beta of 1.30. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.55. Autoliv has a fifty-two week low of $104.56 and a fifty-two week high of $160.23.
Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, April 27th. The auto parts company reported $1.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.15). The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.80 billion. Autoliv had a net margin of 3.87% and a return on equity of 13.63%. Autoliv’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.65 EPS. sell-side analysts forecast that Autoliv will post 7.19 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of ALV. Renaissance Technologies LLC lifted its stake in Autoliv by 119.2% in the fourth quarter. Renaissance Technologies LLC now owns 237,459 shares of the auto parts company’s stock valued at $30,199,000 after purchasing an additional 129,119 shares during the last quarter. BlackRock Inc. lifted its stake in Autoliv by 3.7% in the first quarter. BlackRock Inc. now owns 2,772,184 shares of the auto parts company’s stock valued at $404,574,000 after purchasing an additional 99,489 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Autoliv by 122.6% in the first quarter. JPMorgan Chase & Co. now owns 73,452 shares of the auto parts company’s stock valued at $10,720,000 after purchasing an additional 40,449 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Autoliv by 301.7% in the first quarter. Russell Investments Group Ltd. now owns 46,572 shares of the auto parts company’s stock valued at $6,749,000 after purchasing an additional 34,978 shares during the last quarter. Finally, WINTON GROUP Ltd lifted its stake in Autoliv by 202.6% in the fourth quarter. WINTON GROUP Ltd now owns 51,402 shares of the auto parts company’s stock valued at $6,532,000 after purchasing an additional 34,416 shares during the last quarter. Institutional investors and hedge funds own 39.64% of the company’s stock.
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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