Mizuho Cuts Autoliv (NYSE:ALV) Price Target to $112.00

Autoliv (NYSE:ALV) had its target price decreased by investment analysts at Mizuho from $115.00 to $112.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the auto parts company’s stock. Mizuho’s price objective points to a potential upside of 19.39% from the stock’s current price.

A number of other research firms have also recently issued reports on ALV. Wells Fargo & Company dropped their price target on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Monday, December 16th. Barclays reduced their price target on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Daiwa Capital Markets upgraded Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price objective on the stock in a report on Tuesday, January 7th. Robert W. Baird increased their target price on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, Daiwa America upgraded Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Autoliv has a consensus rating of “Moderate Buy” and a consensus price target of $119.85.

Autoliv Price Performance

Shares of Autoliv stock traded down $2.85 during trading hours on Monday, reaching $93.81. The stock had a trading volume of 914,124 shares, compared to its average volume of 717,727. The stock’s 50 day moving average is $96.63 and its 200 day moving average is $96.88. 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 twelve month low of $89.51 and a twelve month high of $129.38. The firm has a market capitalization of $7.29 billion, a PE ratio of 11.67, a PEG ratio of 0.72 and a beta of 1.58.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. Equities analysts expect that Autoliv will post 10.05 earnings per share for the current fiscal year.

Institutional Trading of Autoliv

Several institutional investors have recently made changes to their positions in the company. Legend Financial Advisors Inc. increased its stake in Autoliv by 1.8% during the fourth quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company’s stock worth $595,000 after acquiring an additional 115 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Autoliv by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock worth $235,000 after purchasing an additional 124 shares during the last quarter. Quantinno Capital Management LP raised its holdings in Autoliv by 0.6% in the 3rd quarter. Quantinno Capital Management LP now owns 23,456 shares of the auto parts company’s stock valued at $2,190,000 after buying an additional 130 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in Autoliv by 3.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,171 shares of the auto parts company’s stock valued at $391,000 after buying an additional 140 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Autoliv by 139.5% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock worth $26,000 after buying an additional 159 shares during the period. Hedge funds and other institutional investors 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.