Barclays Upgrades Autoliv (NYSE:ALV) to "Overweight"

Autoliv (NYSE:ALV - Get Free Report) was upgraded by analysts at Barclays from an "equal weight" rating to an "overweight" rating in a report released on Tuesday, MarketBeat Ratings reports. The firm presently has a $97.00 price target on the auto parts company's stock, down from their prior price target of $110.00. Barclays's target price would indicate a potential upside of 12.28% from the stock's current price.

Several other analysts have also recently issued reports on the company. HSBC cut Autoliv from a "buy" rating to a "hold" rating and cut their target price for the stock from $109.00 to $100.00 in a research note on Tuesday, February 4th. Daiwa America upgraded shares of Autoliv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Mizuho cut their price target on Autoliv from $112.00 to $95.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company lowered their price target on Autoliv from $101.00 to $97.00 and set an "equal weight" rating on the stock in a report on Monday, December 16th. Finally, Cowen assumed coverage on Autoliv in a report on Thursday, March 6th. They set a "buy" rating on the stock. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $112.64.

Autoliv Price Performance

Shares of NYSE:ALV traded down $0.42 on Tuesday, hitting $86.40. The company's stock had a trading volume of 906,750 shares, compared to its average volume of 819,733. Autoliv has a 1 year low of $75.49 and a 1 year 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 company has a market capitalization of $6.69 billion, a PE ratio of 10.71, a PEG ratio of 0.73 and a beta of 1.47. The company has a 50-day simple moving average of $90.74 and a 200 day simple moving average of $94.32.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.72 by $0.43. The business had revenue of $2.58 billion during the quarter, compared to analysts' expectations of $2.50 billion. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. During the same quarter in the previous year, the company earned $1.58 EPS. Sell-side analysts forecast that Autoliv will post 9.51 EPS for the current fiscal year.

Insider Activity at Autoliv

In other Autoliv news, CFO Fredrik Westin sold 1,803 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total transaction of $178,839.57. Following the transaction, the chief financial officer now directly owns 7,261 shares in the company, valued at approximately $720,218.59. This represents a 19.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mikael Bratt sold 5,760 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $98.90, for a total value of $569,664.00. Following the completion of the sale, the chief executive officer now directly owns 23,307 shares of the company's stock, valued at approximately $2,305,062.30. This trade represents a 19.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,253 shares of company stock worth $915,534 in the last 90 days. 0.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Autoliv

Hedge funds have recently bought and sold shares of the stock. UMB Bank n.a. raised its position 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 purchasing an additional 159 shares in the last quarter. AlphaQuest LLC increased its stake in shares of Autoliv by 74.4% in the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock valued at $29,000 after buying an additional 134 shares during the period. GAMMA Investing LLC raised its holdings in Autoliv by 122.9% during the 1st quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company's stock worth $33,000 after purchasing an additional 204 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Autoliv in the 1st quarter worth about $44,000. Finally, Twin Tree Management LP bought a new position in shares of Autoliv during the 4th quarter worth approximately $50,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

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.