StockNews.com Downgrades Autoliv (NYSE:ALV) to Hold

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

A number of other analysts have also commented on ALV. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $116.00 target price on shares of Autoliv in a report on Tuesday, September 10th. Wolfe Research initiated coverage on shares of Autoliv in a report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 target price on the stock. Bank of America decreased their target price on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Wells Fargo & Company dropped their price target on Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Monday, December 16th. Finally, Robert W. Baird upped their price objective on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $122.46.

Autoliv Stock Performance

Shares of ALV opened at $93.69 on Wednesday. The firm has a market capitalization of $7.38 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. 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 company has a 50-day simple moving average of $96.86 and a two-hundred day simple moving average of $99.40. Autoliv has a one year low of $89.51 and a one year high of $129.38.

Autoliv (NYSE:ALV) last released its earnings results 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 net margin of 5.98% and a return on equity of 30.85%. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the business posted $1.66 earnings per share. Autoliv’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, analysts anticipate that Autoliv will post 8.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Autoliv

A number of institutional investors have recently bought and sold shares of the business. Raymond James & Associates increased its holdings in Autoliv by 4.5% in the 2nd quarter. Raymond James & Associates now owns 43,254 shares of the auto parts company’s stock valued at $4,628,000 after acquiring an additional 1,879 shares during the last quarter. Rothschild Investment LLC bought a new stake in Autoliv in the 2nd quarter worth approximately $209,000. NBT Bank N A NY increased its position in Autoliv by 2.7% in the second quarter. NBT Bank N A NY now owns 20,679 shares of the auto parts company’s stock worth $2,212,000 after purchasing an additional 545 shares during the last quarter. Van ECK Associates Corp raised its stake in Autoliv by 18.4% during the second quarter. Van ECK Associates Corp now owns 34,564 shares of the auto parts company’s stock valued at $3,698,000 after purchasing an additional 5,379 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new position in Autoliv during the second quarter valued at $156,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Company Profile

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.