Fintel reports that on July 8, 2024, Wolfe Research upgraded their outlook for Autoliv (NYSE:ALV) from Peer Perform to Outperform.
Analyst Price Forecast Suggests 29.15% Upside
As of July 4, 2024, the average one-year price target for Autoliv is $137.82/share. The forecasts range from a low of $117.16 to a high of $186.90. The average price target represents an increase of 29.15% from its latest reported closing price of $106.71 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Autoliv is 10,592MM, a decrease of 0.05%. The projected annual non-GAAP EPS is 9.49.
What is the Fund Sentiment?
There are 673 funds or institutions reporting positions in Autoliv. This is an decrease of 415 owner(s) or 38.14% in the last quarter. Average portfolio weight of all funds dedicated to ALV is 0.37%, an increase of 32.69%. Total shares owned by institutions decreased in the last three months by 19.53% to 57,464K shares. 
The put/call ratio of ALV is 0.37, indicating a bullish outlook.
What are Other Shareholders Doing?
Cevian Capital II GP holds 6,299K shares representing 7.74% ownership of the company. No change in the last quarter.
FIL holds 2,471K shares representing 3.04% ownership of the company. In its prior filing, the firm reported owning 2,690K shares , representing a decrease of 8.90%. The firm decreased its portfolio allocation in ALV by 49.60% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 2,290K shares representing 2.81% ownership of the company. In its prior filing, the firm reported owning 2,273K shares , representing an increase of 0.72%. The firm decreased its portfolio allocation in ALV by 0.91% over the last quarter.
Swedbank AB holds 1,960K shares representing 2.41% ownership of the company.
PointState Capital holds 1,113K shares representing 1.37% ownership of the company. In its prior filing, the firm reported owning 1,184K shares , representing a decrease of 6.32%. The firm decreased its portfolio allocation in ALV by 27.29% over the last quarter.
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.
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This story originally appeared on Fintel.
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