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, inflator technologies, and battery cut-off switches, as well as anti-whiplash systems and pedestrian protection systems, and connected safety services and solutions for riders of powered two wheelers. The company primarily serves car manufacturers. Autoliv, Inc. was founded in 1953 and is headquartered in Stockholm, Sweden.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on ALV shares. Wells Fargo & Company upped their price objective on Autoliv from $74.00 to $80.00 and gave the company an "equal weight" rating in a research note on Monday, July 11th. StockNews.com raised shares of Autoliv from a "hold" rating to a "buy" rating in a research note on Wednesday. Mizuho boosted their price objective on shares of Autoliv from $90.00 to $94.00 and gave the stock a "buy" rating in a research note on Monday, July 25th. Deutsche Bank Aktiengesellschaft raised their target price on Autoliv from $86.00 to $94.00 in a research report on Monday, July 18th. Finally, Exane BNP Paribas upgraded Autoliv from an "underperform" rating to a "neutral" rating and set a $86.00 price target on the stock in a research report on Wednesday, June 29th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $96.67.
Autoliv Stock Up 1.6 %
Shares of Autoliv stock traded up $1.34 during trading hours on Thursday, reaching $84.55. The company's stock had a trading volume of 7,907 shares, compared to its average volume of 703,225. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.78 and a current ratio of 1.07. The stock's fifty day simple moving average is $77.37 and its two-hundred day simple moving average is $80.30. The company has a market capitalization of $7.36 billion, a P/E ratio of 21.67 and a beta of 1.66. Autoliv has a one year low of $66.25 and a one year high of $110.59.
Autoliv (NYSE:ALV - Get Rating) last announced its earnings results on Friday, July 22nd. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.54. Autoliv had a return on equity of 11.35% and a net margin of 4.12%. The company had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.05 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. Autoliv's quarterly revenue was up 2.9% on a year-over-year basis. On average, research analysts forecast that Autoliv will post 4.42 earnings per share for the current year.
Insider Activity at Autoliv
In other Autoliv news, insider Svante Mogefors sold 1,000 shares of Autoliv stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $84.00, for a total transaction of $84,000.00. Following the transaction, the insider now owns 12,739 shares of the company's stock, valued at approximately $1,070,076. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is owned by insiders.