Autoliv (NYSE:ALV) Upgraded to “Buy” at StockNews.com

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

Several other analysts have also recently commented on ALV. Robert W. Baird raised their target price on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Daiwa America raised Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Barclays decreased their target price on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Daiwa Capital Markets raised Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 target price for the company in a research report on Tuesday, January 7th. Finally, Bank of America decreased their target price on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $121.62.

Autoliv Stock Performance

ALV opened at $99.46 on Thursday. The firm has a market cap of $7.73 billion, a PE ratio of 12.95, a P/E/G ratio of 0.72 and a beta of 1.59. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $96.22 and a 200-day simple moving average of $97.35. Autoliv has a fifty-two week low of $89.51 and a fifty-two week high of $129.38.

Hedge Funds Weigh In On Autoliv

Several institutional investors have recently bought and sold shares of the stock. KBC Group NV raised its holdings in Autoliv by 67.6% during the fourth quarter. KBC Group NV now owns 3,182 shares of the auto parts company’s stock valued at $298,000 after buying an additional 1,283 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Autoliv by 5.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 9,046 shares of the auto parts company’s stock valued at $848,000 after buying an additional 434 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Autoliv by 4.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,315 shares of the auto parts company’s stock valued at $405,000 after buying an additional 190 shares in the last quarter. Perpetual Ltd raised its holdings in Autoliv by 130.4% during the fourth quarter. Perpetual Ltd now owns 6,221 shares of the auto parts company’s stock valued at $583,000 after buying an additional 3,521 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Autoliv by 139.5% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock valued at $26,000 after buying an additional 159 shares in the last quarter. 69.57% of the stock is currently owned by 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.