Autoliv (NYSE:ALV) Rating Increased to Buy at StockNews.com

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

Several other brokerages have also recently commented on ALV. Robert W. Baird raised their price objective on shares of Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Barclays reduced their price objective on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $116.00 price objective on shares of Autoliv in a research note on Tuesday, September 10th. Bank of America cut their target price on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Finally, Wolfe Research began coverage on shares of Autoliv in a research report on Thursday, September 5th. They set an “outperform” rating and a $120.00 target price for the company. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Autoliv currently has a consensus rating of “Moderate Buy” and an average price target of $122.77.

Autoliv Trading Up 0.6 %

NYSE ALV opened at $97.75 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. The firm’s fifty day moving average price is $96.41 and its 200 day moving average price is $102.43. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. Autoliv has a 12 month low of $89.51 and a 12 month high of $129.38.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.16). Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the business posted $1.66 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, sell-side analysts expect that Autoliv will post 8.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Autoliv

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in Autoliv by 62.7% during the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 101 shares during the last quarter. Quarry LP increased its stake in shares of Autoliv by 133.5% in the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 207 shares during the last quarter. Fred Alger Management LLC bought a new stake in shares of Autoliv in the 3rd quarter valued at about $45,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Autoliv by 14.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after acquiring an additional 117 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in shares of Autoliv in the 2nd quarter valued at about $156,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

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.