UBS Group Forecasts Strong Price Appreciation for Autoliv (NYSE:ALV) Stock

Autoliv (NYSE:ALV - Get Free Report) had its target price increased by research analysts at UBS Group from $103.00 to $123.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the auto parts company's stock. UBS Group's target price would indicate a potential upside of 19.64% from the stock's previous close.

A number of other equities research analysts have also recently commented on the stock. TD Cowen initiated coverage on shares of Autoliv in a research report on Friday, March 7th. They set a "buy" rating and a $116.00 target price for the company. BNP Paribas Exane upgraded Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 price target for the company in a research note on Friday, May 9th. Robert W. Baird dropped their price target on Autoliv from $105.00 to $90.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Wall Street Zen upgraded shares of Autoliv from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Finally, Mizuho lifted their target price on shares of Autoliv from $95.00 to $112.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $114.00.

Autoliv Stock Down 1.8%

Shares of ALV traded down $1.84 during trading hours on Wednesday, hitting $102.81. The company had a trading volume of 690,650 shares, compared to its average volume of 821,206. The company has a market capitalization of $7.95 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. Autoliv has a one year low of $75.49 and a one year high of $128.66. The company's fifty day moving average price is $92.19 and its two-hundred day moving average price is $94.60.

Autoliv (NYSE:ALV - Get Free Report) last announced its earnings results on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.72 by $0.43. The business had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.50 billion. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. During the same period in the previous year, the company posted $1.58 earnings per share. As a group, equities analysts forecast that Autoliv will post 9.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Autoliv

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC raised its position in Autoliv by 9.9% during the fourth quarter. FMR LLC now owns 7,146,500 shares of the auto parts company's stock valued at $670,270,000 after acquiring an additional 641,895 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of 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 purchasing an additional 2,004,515 shares during the period. FIL Ltd increased its holdings in shares of Autoliv by 17.3% during the 4th quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company's stock valued at $223,433,000 after purchasing an additional 351,876 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Autoliv by 14.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,857,069 shares of the auto parts company's stock valued at $164,257,000 after purchasing an additional 233,469 shares during the period. Finally, Mondrian Investment Partners LTD lifted its stake in shares of Autoliv by 4.5% in the 4th quarter. Mondrian Investment Partners LTD now owns 1,378,636 shares of the auto parts company's stock valued at $133,259,000 after purchasing an additional 59,592 shares during the period. Institutional investors and hedge funds own 69.57% of the company's stock.

About Autoliv

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.