Autoliv (NYSE:ALV) Given New $108.00 Price Target at Citigroup

Autoliv (NYSE:ALV) had its target price reduced by investment analysts at Citigroup from $119.00 to $108.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. Citigroup’s price target suggests a potential upside of 9.16% from the stock’s previous close.

Several other equities research analysts have also issued reports on ALV. StockNews.com lowered shares of Autoliv from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 13th. JPMorgan Chase & Co. increased their target price on shares of Autoliv from $117.00 to $129.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Mizuho increased their target price on shares of Autoliv from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Hsbc Global Res upgraded shares of Autoliv to a “strong-buy” rating in a research report on Monday, July 15th. Finally, Robert W. Baird dropped their target price on shares of Autoliv from $128.00 to $111.00 and set a “neutral” rating for the company in a research report on Monday. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Autoliv currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.46.

Autoliv Stock Performance

NYSE:ALV traded up $1.28 during trading hours on Monday, hitting $98.94. 893,979 shares of the company traded hands, compared to its average volume of 627,234. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 0.59 and a beta of 1.61. Autoliv has a twelve month low of $89.37 and a twelve month high of $129.38. The firm has a 50-day moving average of $115.17 and a 200 day moving average of $114.68. The company has a current ratio of 1.10, a quick ratio of 0.82 and a debt-to-equity ratio of 0.75.

Autoliv (NYSE:ALV) last released its earnings results on Friday, July 19th. The auto parts company reported $1.87 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.57). The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.73 billion. Autoliv had a net margin of 5.10% and a return on equity of 29.84%. Autoliv’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.93 earnings per share. On average, analysts forecast that Autoliv will post 9.74 EPS for the current year.

Insider Activity

In other Autoliv news, Director Jan Carlson sold 1,900 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $126.75, for a total transaction of $240,825.00. Following the transaction, the director now directly owns 77,493 shares in the company, valued at approximately $9,822,237.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Autoliv

A number of institutional investors and hedge funds have recently bought and sold shares of ALV. Swedbank AB boosted its position in shares of Autoliv by 20.5% during the 2nd quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company’s stock valued at $252,715,000 after acquiring an additional 402,426 shares during the last quarter. Vanguard Group Inc. increased its stake in Autoliv by 6.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,136,224 shares of the auto parts company’s stock worth $206,103,000 after purchasing an additional 133,746 shares during the period. Public Sector Pension Investment Board increased its stake in Autoliv by 41.0% in the 4th quarter. Public Sector Pension Investment Board now owns 958,304 shares of the auto parts company’s stock worth $105,596,000 after purchasing an additional 278,800 shares during the period. Mondrian Investment Partners LTD increased its stake in shares of Autoliv by 20.5% during the first quarter. Mondrian Investment Partners LTD now owns 952,555 shares of the auto parts company’s stock valued at $114,716,000 after buying an additional 162,319 shares during the period. Finally, Norges Bank purchased a new position in shares of Autoliv during the fourth quarter valued at approximately $91,065,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

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.