StockNews.com Upgrades Autoliv (NYSE:ALV) to Buy

Autoliv (NYSE:ALV - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Thursday.

ALV has been the subject of several other research reports. Daiwa America raised shares of Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Robert W. Baird upped their target price on Autoliv from $103.00 to $108.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Barclays reduced their price objective on Autoliv from $115.00 to $110.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 15th. Daiwa Capital Markets upgraded shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 price target on the stock in a report on Tuesday, January 7th. Finally, Bank of America cut their target price 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. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $121.62.

Autoliv Trading Up 1.3 %

ALV stock traded up $1.26 during midday trading on Thursday, hitting $100.75. The company had a trading volume of 495,575 shares, compared to its average volume of 592,263. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 0.73 and a beta of 1.59. Autoliv has a 52 week low of $89.51 and a 52 week high of $129.38. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69. The stock's 50 day moving average price is $96.22 and its 200 day moving average price is $97.35.

Hedge Funds Weigh In On Autoliv

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lind Value II ApS bought a new position in shares of Autoliv in the 3rd quarter valued at about $35,818,000. FMR LLC boosted its holdings in shares of Autoliv by 6.1% in the 3rd quarter. FMR LLC now owns 6,504,605 shares of the auto parts company's stock worth $607,335,000 after purchasing an additional 376,665 shares during the period. AQR Capital Management LLC increased its position in shares of Autoliv by 130.2% during the 2nd quarter. AQR Capital Management LLC now owns 498,575 shares of the auto parts company's stock valued at $53,111,000 after purchasing an additional 281,956 shares during the last quarter. Swedbank AB raised its holdings in Autoliv by 8.7% during the 3rd quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company's stock valued at $239,707,000 after buying an additional 205,241 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in Autoliv by 83.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 417,992 shares of the auto parts company's stock worth $39,028,000 after buying an additional 190,654 shares during the last quarter. 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.