Autoliv (NYSE:ALV - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Thursday.
A number of other equities research analysts have also weighed in on ALV. Wolfe Research initiated coverage on Autoliv in a report on Thursday, September 5th. They issued an "outperform" rating and a $120.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $116.00 target price on shares of Autoliv in a report on Tuesday, September 10th. Barclays reduced their price objective on shares of Autoliv from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 15th. Wells Fargo & Company cut their price objective on shares of Autoliv from $102.00 to $101.00 and set an "equal weight" rating on the stock in a report on Monday, October 21st. Finally, Robert W. Baird increased their target price on shares of Autoliv from $103.00 to $108.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. Six equities research 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $122.77.
Read Our Latest Stock Report on ALV
Autoliv Trading Down 1.0 %
Shares of ALV traded down $0.97 during midday trading on Thursday, reaching $96.78. The company had a trading volume of 756,648 shares, compared to its average volume of 704,435. The firm has a 50 day simple moving average of $96.41 and a 200-day simple moving average of $102.43. Autoliv has a 1-year low of $89.51 and a 1-year high of $129.38. 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 stock has a market cap of $7.62 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 0.87 and a beta of 1.59.
Autoliv (NYSE:ALV - Get Free Report) last issued its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share for the quarter, missing analysts' consensus estimates of $2.00 by ($0.16). Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the firm posted $1.66 earnings per share. The company's quarterly revenue was down 1.6% compared to the same quarter last year. Research analysts forecast that Autoliv will post 8.19 EPS for the current fiscal year.
Hedge Funds Weigh In On Autoliv
A number of institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in shares of 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 buying an additional 101 shares during the period. Quarry LP boosted its position in shares of Autoliv by 133.5% during the second quarter. Quarry LP now owns 362 shares of the auto parts company's stock worth $39,000 after purchasing an additional 207 shares in the last quarter. Fred Alger Management LLC bought a new stake in shares of Autoliv in the third quarter worth about $45,000. Benjamin F. Edwards & Company Inc. lifted its stake in Autoliv by 14.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company's stock valued at $102,000 after buying an additional 117 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in Autoliv in the 2nd quarter worth $156,000. Institutional investors and hedge funds own 69.57% of the company's stock.
About Autoliv
(
Get Free Report)
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.
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