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

Key Points

• Royal Bank of Canada lowered Autoliv’s price target from $147 to $146 while maintaining an “outperform” rating, implying 32.58% upside from the prior close.
• Analyst sentiment remains generally positive but mixed: Autoliv has a “Moderate Buy” consensus rating and an average price target of $134.85, based on six Buy and six Hold ratings.
• Autoliv’s latest quarterly results showed a slight EPS miss at $2.43 versus $2.46 expected, while revenue reached $2.80 billion and rose 3.3% year over year.

Autoliv (NYSE:ALV - Get Free Report) had its price target decreased by analysts at Royal Bank Of Canada from $147.00 to $146.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an "outperform" rating on the auto parts company's stock. Royal Bank Of Canada's price target suggests a potential upside of 32.58% from the company's previous close.

A number of other equities research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Autoliv from a "buy" rating to a "hold" rating in a research note on Saturday, July 4th. Weiss Ratings upgraded Autoliv from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, September 24th. Jefferies Financial Group cut their price target on shares of Autoliv from $134.00 to $119.00 and set a "hold" rating on the stock in a report on Tuesday, September 22nd. Wolfe Research downgraded Autoliv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, September 23rd. Finally, UBS Group increased their price target on shares of Autoliv from $110.00 to $122.00 and gave the stock a "neutral" rating in a research report on Monday, June 15th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $134.85.

Autoliv Stock Performance

Shares of NYSE ALV traded up $0.36 during mid-day trading on Monday, hitting $110.12. The company had a trading volume of 37,493 shares, compared to its average volume of 740,657. Autoliv has a 12 month low of $99.16 and a 12 month high of $132.17. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 0.79. The firm's 50 day simple moving average is $119.17 and its two-hundred day simple moving average is $118.49. The stock has a market cap of $8.07 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 0.88 and a beta of 1.39.

Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The business's revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $2.21 EPS. As a group, equities research analysts forecast that Autoliv will post 10.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ALV. BlackRock Inc. acquired a new position in shares of Autoliv during the second quarter worth approximately $573,245,000. Bank of New York Mellon Corp acquired a new position in shares of Autoliv in the 2nd quarter valued at $65,124,000. ABN AMRO Bank N.V. bought a new position in Autoliv during the second quarter worth about $33,456,000. Pacer Advisors Inc. lifted 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 worth $29,863,000 after buying an additional 275,612 shares during the period. Finally, Bank of America Corp DE bought a new position in shares of Autoliv during the second quarter valued at $19,203,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.