Fintel reports that on July 20, 2023, JP Morgan maintained coverage of Autoliv (NYSE:ALV) with a Neutral recommendation.
Analyst Price Forecast Suggests 12.93% Upside
As of July 5, 2023, the average one-year price target for Autoliv is 105.33. The forecasts range from a low of 86.86 to a high of $141.75. The average price target represents an increase of 12.93% from its latest reported closing price of 93.27.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Autoliv is 9,645MM, an increase of 4.71%. The projected annual non-GAAP EPS is 6.93.
What is the Fund Sentiment?
There are 992 funds or institutions reporting positions in Autoliv. This is an increase of 90 owner(s) or 9.98% in the last quarter. Average portfolio weight of all funds dedicated to ALV is 0.57%, an increase of 1.08%. Total shares owned by institutions increased in the last three months by 14.18% to 68,508K shares. 
The put/call ratio of ALV is 2.40, indicating a bearish outlook.
What are Other Shareholders Doing?
Cevian Capital II GP holds 6,299K shares representing 7.34% ownership of the company. No change in the last quarter.
VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 5,311K shares representing 6.19% ownership of the company. In it's prior filing, the firm reported owning 5,371K shares, representing a decrease of 1.13%. The firm increased its portfolio allocation in ALV by 3.99% over the last quarter.
VTMGX - Vanguard Developed Markets Index Fund Admiral Shares holds 3,085K shares representing 3.59% ownership of the company. In it's prior filing, the firm reported owning 3,103K shares, representing a decrease of 0.57%. The firm decreased its portfolio allocation in ALV by 0.42% over the last quarter.
FIL holds 2,917K shares representing 3.40% ownership of the company. In it's prior filing, the firm reported owning 2,590K shares, representing an increase of 11.20%. The firm increased its portfolio allocation in ALV by 31.22% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 2,393K shares representing 2.79% ownership of the company.
Autoliv Background Information
(This description is provided by the company.)
Autoliv, Inc. is the worldwide leader in vehicle safety systems, and through our subsidiaries we develop, manufacture and market protective systems, such as airbags, seatbelts, steering wheels and pedestrian protection systems for all major automotive manufacturers in the world. Our products save over 30,000 lives each year and prevent ten times as many severe injuries. Our more than 65,000 associates in 27 countries are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. We have 14 technical centers, with 20 test tracks. Sales in 2019 amounted to US $ 8,548 million.
Additional reading:
- Autoliv accelerates its global structural cost reductions; aims to close sites in Elmshorn, Germany and Congleton, United Kingdom
- Autoliv hosts Investor Day - reiterates financial targets
- Autoliv accelerates structural cost reductions; reiterates its full year 2023 indications
- Magnus Jarlegren named the next President of Autoliv Europe
- Autoliv Announces Results of 2023 Annual Stockholders Meeting
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
