Autoliv (NYSE:ALV) Price Target Lowered to $124.00 at Robert W. Baird

Autoliv (NYSE:ALV - Get Free Report) had its price objective decreased by stock analysts at Robert W. Baird from $126.00 to $124.00 in a report issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the auto parts company's stock. Robert W. Baird's price objective would indicate a potential upside of 10.71% from the stock's current price.

ALV has been the subject of several other research reports. Mizuho boosted their price objective on Autoliv from $95.00 to $112.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. UBS Group upped their price target on Autoliv from $103.00 to $123.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Wells Fargo & Company upped their price target on Autoliv from $100.00 to $104.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. BNP Paribas Exane raised Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 price target for the company in a report on Friday, May 9th. Finally, Barclays reaffirmed an "overweight" rating and issued a $135.00 price target (up previously from $105.00) on shares of Autoliv in a report on Wednesday, July 16th. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Autoliv currently has an average rating of "Moderate Buy" and an average price target of $121.06.

Autoliv Price Performance

ALV opened at $112.00 on Monday. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 1.27 and a beta of 1.37. Autoliv has a 1 year low of $75.49 and a 1 year high of $118.98. The company has a current ratio of 0.93, a quick ratio of 0.70 and a debt-to-equity ratio of 0.55. The stock has a fifty day moving average price of $108.84 and a 200 day moving average price of $98.38.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings results on Friday, July 18th. The auto parts company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.14. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.57 billion. Autoliv had a return on equity of 30.73% and a net margin of 6.83%. The firm's revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.87 EPS. Analysts forecast that Autoliv will post 9.51 EPS for the current fiscal year.

Autoliv announced that its board has approved a share buyback program on Wednesday, June 4th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the auto parts company to repurchase up to 31.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Jan Carlson sold 1,555 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $108.32, for a total transaction of $168,437.60. Following the sale, the director directly owned 77,493 shares in the company, valued at $8,394,041.76. This represents a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Autoliv

A number of large investors have recently bought and sold shares of ALV. Charles Schwab Investment Management Inc. grew its position in Autoliv by 418.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company's stock worth $219,686,000 after acquiring an additional 2,004,515 shares during the last quarter. FMR LLC boosted its position in Autoliv by 9.9% in the 4th quarter. FMR LLC now owns 7,146,500 shares of the auto parts company's stock valued at $670,270,000 after buying an additional 641,895 shares during the last quarter. Swedbank AB boosted its position in Autoliv by 26.3% in the 2nd quarter. Swedbank AB now owns 2,397,735 shares of the auto parts company's stock valued at $268,307,000 after buying an additional 499,411 shares during the last quarter. Norges Bank bought a new position in Autoliv in the 4th quarter valued at $36,761,000. Finally, FIL Ltd boosted its position in Autoliv by 17.3% in the 4th quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company's stock valued at $223,433,000 after buying an additional 351,876 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.