Autoliv (NYSE:ALV) Price Target Cut to $46.00

Autoliv (NYSE:ALV) had its price objective lowered by stock analysts at Citigroup from $83.00 to $46.00 in a research report issued to clients and investors on Tuesday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the auto parts company’s stock. Citigroup‘s price target suggests a potential downside of 7.70% from the company’s current price.

Other equities research analysts have also issued research reports about the company. ValuEngine lowered Autoliv from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd. DNB Markets raised Autoliv from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. TheStreet lowered Autoliv from a “b-” rating to a “c+” rating in a report on Friday, March 13th. Deutsche Bank reduced their target price on Autoliv from $88.00 to $85.00 and set a “hold” rating for the company in a report on Thursday, January 30th. Finally, Royal Bank of Canada reduced their target price on Autoliv from $88.00 to $85.00 and set a “sector perform” rating for the company in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $70.64.

ALV traded up $1.04 during trading hours on Tuesday, hitting $49.84. The stock had a trading volume of 764,758 shares, compared to its average volume of 749,465. The company’s fifty day simple moving average is $64.34 and its 200 day simple moving average is $76.70. Autoliv has a 1 year low of $38.16 and a 1 year high of $87.01. The stock has a market cap of $4.01 billion, a PE ratio of 9.44 and a beta of 1.54. The company has a quick ratio of 0.94, a current ratio of 1.25 and a debt-to-equity ratio of 0.87.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Tuesday, January 28th. The auto parts company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.06. Autoliv had a return on equity of 24.56% and a net margin of 5.40%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter last year, the firm posted $1.42 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities analysts expect that Autoliv will post 6.11 EPS for the current year.

In other news, insider Svante Mogefors sold 1,605 shares of Autoliv stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $74.63, for a total transaction of $119,781.15. Following the completion of the sale, the insider now owns 10,686 shares in the company, valued at approximately $797,496.18. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Carmichael Hill & Associates Inc. bought a new stake in shares of Autoliv during the 4th quarter valued at about $25,000. Assetmark Inc. bought a new stake in shares of Autoliv during the 4th quarter valued at about $27,000. Quantbot Technologies LP bought a new stake in shares of Autoliv during the 4th quarter valued at about $78,000. Marshall Wace LLP boosted its position in shares of Autoliv by 23.7% during the 4th quarter. Marshall Wace LLP now owns 1,007 shares of the auto parts company’s stock valued at $85,000 after acquiring an additional 193 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Autoliv by 808.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,336 shares of the auto parts company’s stock worth $113,000 after buying an additional 1,189 shares during the last quarter. Hedge funds and other institutional investors own 40.65% of the company’s stock.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.

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Analyst Recommendations for Autoliv (NYSE:ALV)

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