Autoliv (NYSE:ALV) Stock Rating Lowered by StockNews.com

Autoliv (NYSE:ALV) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

A number of other brokerages also recently issued reports on ALV. Wells Fargo & Company cut their price objective on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a research report on Monday, October 21st. Robert W. Baird lifted their price objective on shares of Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $116.00 target price on shares of Autoliv in a research report on Tuesday, September 10th. Wolfe Research initiated coverage on shares of Autoliv in a research note on Thursday, September 5th. They set an “outperform” rating and a $120.00 price target on the stock. Finally, Bank of America lowered their price objective on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.77.

Autoliv Trading Down 0.7 %

Shares of ALV stock opened at $98.60 on Wednesday. The stock has a market capitalization of $7.76 billion, a P/E ratio of 12.84, a P/E/G ratio of 0.91 and a beta of 1.59. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69. The firm’s 50 day moving average is $95.86 and its 200 day moving average is $103.33. Autoliv has a 12-month low of $89.51 and a 12-month high of $129.38.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the business earned $1.66 earnings per share. The business’s quarterly revenue was down 1.6% on a year-over-year basis. Research analysts expect that Autoliv will post 8.19 earnings per share for the current year.

Institutional Investors Weigh In On Autoliv

Hedge funds have recently made changes to their positions in the company. FMR LLC grew its holdings in Autoliv by 6.1% during the 3rd quarter. FMR LLC now owns 6,504,605 shares of the auto parts company’s stock worth $607,335,000 after acquiring an additional 376,665 shares in the last quarter. Swedbank AB lifted its position in shares of Autoliv by 8.7% in the 3rd quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock worth $239,707,000 after purchasing an additional 205,241 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Autoliv by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,316,874 shares of the auto parts company’s stock valued at $140,892,000 after purchasing an additional 40,957 shares in the last quarter. Mondrian Investment Partners LTD increased its holdings in Autoliv by 21.8% during the second quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock valued at $117,330,000 after buying an additional 207,521 shares during the period. Finally, Geode Capital Management LLC raised its stake in Autoliv by 10.8% in the third quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock worth $92,221,000 after buying an additional 95,888 shares in the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.