Autoliv (NYSE:ALV) Rating Lowered to Hold at Hsbc Global Res

Autoliv (NYSE:ALV) was downgraded by Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also recently weighed in on ALV. Mizuho cut their price objective on Autoliv from $115.00 to $112.00 and set an “outperform” rating on the stock in a research report on Monday. Barclays decreased their price objective on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. StockNews.com upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Daiwa America upgraded shares of Autoliv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, Robert W. Baird lifted their price target on shares of Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Autoliv presently has an average rating of “Moderate Buy” and an average price target of $117.23.

Autoliv Stock Performance

NYSE ALV opened at $94.44 on Tuesday. The company has a fifty day moving average price of $96.30 and a 200-day moving average price of $96.73. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 0.72 and a beta of 1.58. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71. Autoliv has a 1 year low of $89.51 and a 1 year high of $129.38.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.21. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. As a group, equities research analysts predict that Autoliv will post 10.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Autoliv

A number of large investors have recently modified their holdings of ALV. US Bancorp DE increased its holdings in Autoliv by 3.5% during the 4th 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 during the period. Todd Asset Management LLC bought a new position in Autoliv in the 4th quarter valued at $3,536,000. Bank of New York Mellon Corp grew its position in shares of Autoliv by 3.9% during 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 in the last quarter. Impax Asset Management Group plc increased 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 worth $7,072,000 after purchasing an additional 6,557 shares during the period. Finally, Alberta Investment Management Corp purchased a new stake in shares of Autoliv in the fourth quarter worth $1,107,000. 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.