Autoliv (NYSE:ALV) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Autoliv (NYSE:ALV) from a hold rating to a buy rating in a research note published on Friday morning.

A number of other equities research analysts have also recently commented on ALV. Barclays dropped 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. Evercore ISI cut their price objective on shares of Autoliv from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Wolfe Research started coverage on shares of Autoliv in a research note on Thursday, September 5th. They set an “outperform” rating and a $120.00 target price on the stock. HSBC started coverage on Autoliv in a research note on Monday, July 15th. They issued a “buy” rating and a $134.00 price target for the company. Finally, Wells Fargo & Company lowered their price target on Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a research report on Monday, October 21st. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $122.77.

Autoliv Trading Down 0.8 %

NYSE ALV opened at $98.84 on Friday. Autoliv has a 1 year low of $89.51 and a 1 year high of $129.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. The company has a market capitalization of $7.78 billion, a PE ratio of 12.87, a P/E/G ratio of 0.85 and a beta of 1.59. The company has a fifty day moving average of $95.34 and a 200 day moving average of $105.32.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, October 18th. The auto parts company reported $1.84 EPS 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 analysts’ expectations of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.66 EPS. Research analysts forecast that Autoliv will post 8.19 earnings per share for the current year.

Autoliv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend was Wednesday, September 4th. Autoliv’s payout ratio is 35.42%.

Institutional Investors Weigh In On Autoliv

A number of hedge funds have recently modified their holdings of ALV. GAMMA Investing LLC grew its position in shares of Autoliv by 62.7% in the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 101 shares in the last quarter. Quarry LP grew its holdings in shares of Autoliv by 133.5% in the second quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 207 shares during the period. Headlands Technologies LLC increased its position in Autoliv by 427.6% during the first quarter. Headlands Technologies LLC now owns 823 shares of the auto parts company’s stock worth $99,000 after purchasing an additional 667 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Autoliv by 14.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 117 shares during the period. Finally, Smithfield Trust Co boosted its holdings in Autoliv by 12.1% in the 1st quarter. Smithfield Trust Co now owns 1,330 shares of the auto parts company’s stock valued at $160,000 after purchasing an additional 144 shares during the last quarter. 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.