Look For Institutional Buying In Autoliv Inc. (NYSE: ALV)

Autoliv Inc. (ALV) concluded trading on Thursday at a closing price of $120.43, with 0.49 million shares of worth about $59.0 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.80% during that period and on March 28, 2024 the price saw a loss of about -1.37%. Currently the company’s common shares owned by public are about 82.60M shares, out of which, 82.42M shares are available for trading.

However, the stock later moved at a day high price of 121.98, or with a loss of -1.37%. Stock saw a price change of -1.23% in past 5 days and over the past one month there was a price change of 5.34%. Year-to-date (YTD), ALV shares are showing a performance of 9.29% which increased to 33.59% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $79.66 but also hit the highest price of $124.38 during that period. The average intraday trading volume for Autoliv Inc. shares is 548.55K. The stock is currently trading 0.60% above its 20-day simple moving average (SMA20), while that difference is up 6.51% for SMA50 and it goes to 19.18% higher than SMA200.

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Autoliv Inc. (NYSE: ALV) currently have 82.60M outstanding shares and institutions hold larger chunk of about 65.43% of that.

The stock has a current market capitalization of $9.95B and its 3Y-monthly beta is at 1.73. PE ratio of stock for trailing 12 months is 20.89, while it has posted earnings per share of $5.76 in the same period. Its PEG reads 1.21 and has Quick Ratio of 0.73 while making debt-to-equity ratio of 0.80. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ALV, volatility over the week remained 1.49% while standing at 1.60% over the month.

Analysts are in expectations that Autoliv Inc. (ALV) stock would likely to be making an EPS of $1.43 in the current quarter, while forecast for next quarter EPS is $2.22 and it is $11.8 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.37 which is $1.49 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.9 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 18.07% while it is estimated to increase by 21.53% in next year. EPS is likely to shrink at an annualized rate of 17.20% for next 5-years, compared to annual growth of 21.30% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Berenberg on January 12, 2024 offering a Buy rating for the stock and assigned a target price of $120 to it. On May 11, 2023, Kepler Upgrade their recommendations, while on February 21, 2023, BofA Securities Resumed their ratings for the stock with a price target of $130. Stock get an Equal weight rating from Barclays on February 15, 2023.

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