Autoliv (NYSE:ALV) Stock Rating Upgraded by Daiwa America

Autoliv (NYSE:ALV - Get Free Report) was upgraded by equities researchers at Daiwa America from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other analysts have also recently commented on the company. Daiwa Capital Markets upgraded Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 target price on the stock in a report on Tuesday. StockNews.com cut Autoliv from a "buy" rating to a "hold" rating in a report on Wednesday, December 25th. Bank of America lowered their price objective on shares of Autoliv from $137.00 to $134.00 and set a "buy" rating for the company in a research report on Thursday, October 3rd. Robert W. Baird lifted their price target on shares of Autoliv from $103.00 to $108.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company decreased their price objective on Autoliv from $101.00 to $97.00 and set an "equal weight" rating for the company in a report on Monday, December 16th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Autoliv has an average rating of "Moderate Buy" and a consensus target price of $121.50.

Autoliv Stock Down 0.1 %

Shares of NYSE ALV traded down $0.11 during mid-day trading on Tuesday, reaching $93.37. 592,893 shares of the company traded hands, compared to its average volume of 536,332. The stock has a market cap of $7.26 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. The company's fifty day moving average is $96.38 and its two-hundred day moving average is $98.08. Autoliv has a fifty-two week low of $89.51 and a fifty-two week high of $129.38.

Autoliv (NYSE:ALV - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. Autoliv's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the company earned $1.66 earnings per share. On average, analysts expect that Autoliv will post 8.19 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ALV. Quarry LP grew its stake in Autoliv by 133.5% during the second quarter. Quarry LP now owns 362 shares of the auto parts company's stock valued at $39,000 after acquiring an additional 207 shares in the last quarter. Fred Alger Management LLC bought a new position in Autoliv in the third quarter worth about $45,000. Benjamin F. Edwards & Company Inc. grew its stake in Autoliv by 14.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company's stock worth $102,000 after buying an additional 117 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Autoliv by 2,115.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,282 shares of the auto parts company's stock worth $213,000 after acquiring an additional 2,179 shares during the last quarter. Finally, Foundations Investment Advisors LLC purchased a new position in shares of Autoliv during the third quarter worth $222,000. 69.57% of the stock is 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.