JPMorgan Chase & Co. Raises Autoliv (NYSE:ALV) Price Target to $129.00

Autoliv (NYSE:ALV) had its price target lifted by analysts at JPMorgan Chase & Co. from $117.00 to $129.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 9.33% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Berenberg Bank raised Autoliv from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Friday, January 12th. Wolfe Research lowered Autoliv from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Barclays lifted their price target on Autoliv from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Mizuho lifted their price target on Autoliv from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Finally, Wells Fargo & Company lifted their price target on Autoliv from $101.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $117.82.

Autoliv Price Performance

Autoliv stock opened at $117.99 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.52. The business has a 50-day simple moving average of $117.08 and a 200 day simple moving average of $107.46. Autoliv has a 52 week low of $79.66 and a 52 week high of $124.38. The stock has a market cap of $9.61 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 0.76 and a beta of 1.72.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, January 26th. The auto parts company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.37. Autoliv had a return on equity of 27.13% and a net margin of 4.66%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same quarter in the previous year, the company posted $1.83 earnings per share. The company’s revenue was up 17.8% compared to the same quarter last year. On average, research analysts forecast that Autoliv will post 9.68 earnings per share for the current fiscal year.

Insider Activity

In other Autoliv news, CEO Mikael Bratt sold 4,226 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.72, for a total transaction of $463,676.72. Following the completion of the transaction, the chief executive officer now owns 17,547 shares of the company’s stock, valued at approximately $1,925,256.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Autoliv news, CEO Mikael Bratt sold 4,226 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.72, for a total transaction of $463,676.72. Following the completion of the transaction, the chief executive officer now owns 17,547 shares of the company’s stock, valued at approximately $1,925,256.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Fredrik Westin sold 1,318 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.93, for a total value of $144,887.74. Following the transaction, the chief financial officer now directly owns 5,458 shares of the company’s stock, valued at approximately $599,997.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,388 shares of company stock valued at $921,757. Insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ALV. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Autoliv during the 4th quarter worth approximately $27,000. Rise Advisors LLC grew its holdings in shares of Autoliv by 84.1% during the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock worth $29,000 after acquiring an additional 122 shares during the period. Register Financial Advisors LLC purchased a new position in shares of Autoliv during the 1st quarter worth approximately $36,000. Parallel Advisors LLC grew its holdings in shares of Autoliv by 83.8% during the 4th quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock worth $54,000 after acquiring an additional 223 shares during the period. Finally, TFO Wealth Partners LLC grew its holdings in shares of Autoliv by 15,425.0% during the 4th quarter. TFO Wealth Partners LLC now owns 621 shares of the auto parts company’s stock worth $68,000 after acquiring an additional 617 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

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.