Autoliv (NYSE:ALV) had its price objective cut by stock analysts at Citigroup from $100.00 to $88.00 in a research report issued on Friday, Stock Target Advisor reports. The brokerage presently has a “neutral” rating on the auto parts company’s stock. Citigroup’s price target suggests a potential upside of 9.86% from the company’s current price.

A number of other research analysts have also issued reports on ALV. Morgan Stanley started coverage on shares of Autoliv in a research note on Tuesday, June 19th. They issued an “overweight” rating and a $180.00 target price on the stock. Wells Fargo & Co reiterated a “buy” rating and issued a $176.00 target price on shares of Autoliv in a research note on Sunday, June 24th. Mizuho reiterated a “buy” rating and issued a $160.00 target price on shares of Autoliv in a research note on Tuesday, June 26th. Royal Bank of Canada lowered their target price on shares of Autoliv to $110.00 and set a “sector perform” rating on the stock in a research note on Monday, July 2nd. They noted that the move was a valuation call. Finally, Evercore ISI upgraded shares of Autoliv from an “underperform” rating to an “in-line” rating in a research note on Monday, July 2nd. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $119.52.

Shares of ALV opened at $80.10 on Friday. Autoliv has a 12 month low of $78.11 and a 12 month high of $115.37. The firm has a market cap of $7.55 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 0.66 and a beta of 1.22. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.84.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 27th. The auto parts company reported $2.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.34. Autoliv had a net margin of 3.09% and a return on equity of 17.38%. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the business posted $1.50 EPS. Autoliv’s quarterly revenue was up 11.5% on a year-over-year basis. Equities research analysts forecast that Autoliv will post 7.89 earnings per share for the current fiscal year.

In other Autoliv news, Director Jan Carlson sold 42,589 shares of the firm’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $89.53, for a total value of $3,812,993.17. Following the sale, the director now directly owns 53,579 shares in the company, valued at approximately $4,796,927.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.25% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its holdings in shares of Autoliv by 10.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 11,969 shares of the auto parts company’s stock worth $1,037,000 after acquiring an additional 1,129 shares during the period. United Services Automobile Association lifted its holdings in shares of Autoliv by 25.5% during the 2nd quarter. United Services Automobile Association now owns 29,005 shares of the auto parts company’s stock worth $4,154,000 after acquiring an additional 5,892 shares during the period. Royal London Asset Management Ltd. bought a new position in shares of Autoliv during the 2nd quarter worth about $5,471,000. Northern Trust Corp lifted its holdings in shares of Autoliv by 12.5% during the 2nd quarter. Northern Trust Corp now owns 404,199 shares of the auto parts company’s stock worth $57,889,000 after acquiring an additional 44,969 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in shares of Autoliv by 64.3% during the 2nd quarter. Schroder Investment Management Group now owns 157,097 shares of the auto parts company’s stock worth $22,312,000 after acquiring an additional 61,452 shares during the period. 40.44% of the stock is owned by institutional investors.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers 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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