Autoliv (NYSE:ALV) Upgraded to Buy at StockNews.com

Autoliv (NYSE:ALV - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Tuesday.

Several other equities analysts have also weighed in on ALV. Daiwa Capital Markets upgraded shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 price objective for the company in a research report on Tuesday, January 7th. Daiwa America raised shares of Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Barclays lowered their price target on 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 reduced their target price on shares of Autoliv from $101.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Monday, December 16th. Finally, Robert W. Baird raised their price target on shares of Autoliv from $103.00 to $108.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Autoliv has a consensus rating of "Moderate Buy" and an average target price of $121.62.

Autoliv Stock Up 2.4 %

Shares of ALV stock traded up $2.24 during trading hours on Tuesday, hitting $97.47. 1,182,486 shares of the company were exchanged, compared to its average volume of 649,211. The business's 50-day simple moving average is $96.35 and its two-hundred day simple moving average is $97.74. Autoliv has a one year low of $89.51 and a one year high of $129.38. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 12.69, a P/E/G 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.

Autoliv (NYSE:ALV - Get Free Report) last announced its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the firm posted $1.66 EPS. The business's revenue was down 1.6% compared to the same quarter last year. Sell-side analysts predict that Autoliv will post 8.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Autoliv

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP boosted its position in 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 during the period. Fred Alger Management LLC acquired a new stake in shares of Autoliv during the 3rd quarter worth approximately $45,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Autoliv by 14.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company's stock valued at $102,000 after purchasing an additional 117 shares in the last quarter. Farther Finance Advisors LLC grew its position in Autoliv by 2,115.5% during 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 bought a new stake in Autoliv during the 3rd quarter worth approximately $222,000. 69.57% of the stock is owned by institutional investors.

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.

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