Autoliv (NYSE:ALV) Stock Rating Lowered by HSBC

Autoliv (NYSE:ALV) was downgraded by equities researchers at HSBC from a “buy” rating to a “hold” rating in a research note issued on Tuesday, Marketbeat Ratings reports. They presently have a $100.00 price objective on the auto parts company’s stock, down from their previous price objective of $109.00. HSBC’s price target suggests a potential upside of 5.88% from the stock’s previous close.

Several other analysts have also recently weighed in on the company. Robert W. Baird boosted their price objective on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. StockNews.com raised shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Mizuho reduced their price objective on shares of Autoliv from $115.00 to $112.00 and set an “outperform” rating on the stock in a research note on Monday. Wells Fargo & Company dropped their target price on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. Finally, Barclays reduced their price target on Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Eight 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.23.

Autoliv Stock Performance

Shares of Autoliv stock opened at $94.44 on Tuesday. The firm has a 50 day simple moving average of $96.30 and a 200 day simple moving average of $96.73. Autoliv has a fifty-two week low of $89.51 and a fifty-two week high of $129.38. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71. The firm has a market cap of $7.34 billion, a P/E ratio of 11.70, a P/E/G ratio of 0.72 and a beta of 1.58.

Autoliv (NYSE:ALV) last released its earnings results on Friday, January 31st. The auto parts company reported $3.05 EPS for the quarter, beating the consensus estimate of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. Sell-side analysts predict that Autoliv will post 10.05 earnings per share for the current fiscal year.

Institutional Trading of Autoliv

Several hedge funds have recently bought and sold shares of the stock. US Bancorp DE increased its position in shares of Autoliv by 3.5% during the fourth quarter. US Bancorp DE now owns 3,820 shares of the auto parts company’s stock worth $358,000 after acquiring an additional 130 shares in the last quarter. Todd Asset Management LLC bought a new position in Autoliv during the 4th quarter worth about $3,536,000. Bank of New York Mellon Corp raised its stake in shares of Autoliv by 3.9% in the 4th quarter. Bank of New York Mellon Corp now owns 406,348 shares of the auto parts company’s stock valued at $38,111,000 after purchasing an additional 15,202 shares during the period. Impax Asset Management Group plc lifted its holdings in shares of Autoliv by 9.5% in the fourth quarter. Impax Asset Management Group plc now owns 75,405 shares of the auto parts company’s stock valued at $7,072,000 after purchasing an additional 6,557 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new position in shares of Autoliv during the fourth quarter worth about $1,107,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

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.