Autoliv, Inc. (ALV) Upgraded by Mizuho to “Buy”

Autoliv, Inc. (NYSE:ALV) was upgraded by Mizuho from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, MarketBeat reports. The brokerage presently has a $130.00 price objective on the auto parts company’s stock, up from their prior price objective of $108.00. Mizuho’s price objective would indicate a potential upside of 11.66% from the company’s previous close.

Other research analysts also recently issued reports about the company. Jefferies Group LLC set a $108.00 price target on Autoliv and gave the company a “hold” rating in a report on Sunday, April 30th. Barclays PLC dropped their target price on Autoliv from $88.00 to $86.00 and set an “underweight” rating on the stock in a research note on Monday, May 1st. Morgan Stanley upgraded Autoliv from an “equal weight” rating to an “overweight” rating and set a $120.00 target price on the stock in a research note on Wednesday, May 24th. Royal Bank Of Canada restated a “hold” rating and set a $98.00 target price on shares of Autoliv in a research note on Thursday, July 6th. Finally, CLSA initiated coverage on Autoliv in a research note on Thursday, June 22nd. They set a “hold” rating and a $102.00 target price on the stock. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $106.92.

Shares of Autoliv (NYSE ALV) opened at 116.43 on Monday. Autoliv has a 52-week low of $93.31 and a 52-week high of $116.99. The firm has a market cap of $10.28 billion, a P/E ratio of 17.83 and a beta of 1.14. The firm’s 50-day moving average is $109.06 and its 200-day moving average is $106.75.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, April 28th. The auto parts company reported $1.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.13. Autoliv had a return on equity of 14.78% and a net margin of 5.60%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the business posted $1.66 EPS. The business’s revenue was up 7.3% compared to the same quarter last year. Analysts anticipate that Autoliv will post $6.26 earnings per share for the current year.

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In other news, VP Svante Mogefors sold 6,738 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $102.46, for a total value of $690,375.48. Following the completion of the transaction, the vice president now owns 17,269 shares of the company’s stock, valued at approximately $1,769,381.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert W. Alspaugh sold 1,156 shares of the business’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $109.87, for a total value of $127,009.72. Following the completion of the transaction, the director now directly owns 3,800 shares of the company’s stock, valued at approximately $417,506. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank boosted its position in shares of Autoliv by 26.9% in the first quarter. Toronto Dominion Bank now owns 971 shares of the auto parts company’s stock valued at $100,000 after buying an additional 206 shares during the period. Creative Planning boosted its position in shares of Autoliv by 0.3% in the first quarter. Creative Planning now owns 1,220 shares of the auto parts company’s stock valued at $125,000 after buying an additional 4 shares during the period. Pacer Advisors Inc. boosted its position in shares of Autoliv by 3.2% in the first quarter. Pacer Advisors Inc. now owns 1,799 shares of the auto parts company’s stock valued at $184,000 after buying an additional 55 shares during the period. IHT Wealth Management LLC boosted its position in shares of Autoliv by 34.8% in the first quarter. IHT Wealth Management LLC now owns 1,937 shares of the auto parts company’s stock valued at $188,000 after buying an additional 500 shares during the period. Finally, Global X Management Co. LLC boosted its position in shares of Autoliv by 31.6% in the first quarter. Global X Management Co. LLC now owns 2,030 shares of the auto parts company’s stock valued at $208,000 after buying an additional 488 shares during the period. 32.16% of the stock is owned by institutional investors and hedge funds.

Autoliv Company Profile

Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.

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