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

Autoliv (NYSE:ALV) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

ALV has been the subject of a number of other research reports. Robert W. Baird upped their price target on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Barclays reduced their price target 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. Wells Fargo & Company reduced their price target on Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $116.00 price target on shares of Autoliv in a research report on Tuesday, September 10th. Finally, Wolfe Research began coverage on Autoliv in a report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price objective for the company. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Autoliv currently has an average rating of “Moderate Buy” and an average target price of $122.77.

Autoliv Price Performance

Shares of ALV opened at $97.75 on Thursday. 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 stock has a 50 day simple moving average of $96.41 and a 200 day simple moving average of $102.43. Autoliv has a 52-week low of $89.51 and a 52-week high of $129.38. The firm has a market capitalization of $7.70 billion, a PE ratio of 12.73, a P/E/G ratio of 0.90 and a beta of 1.59.

Autoliv (NYSE:ALV) last issued its quarterly earnings data 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 business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the firm posted $1.66 earnings per share. Autoliv’s revenue for the quarter 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.

Institutional Trading of Autoliv

Several large investors have recently modified their holdings of ALV. GAMMA Investing LLC boosted its stake in 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 buying an additional 101 shares in the last quarter. Quarry LP boosted its stake in 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 buying an additional 207 shares in the last quarter. Fred Alger Management LLC acquired a new stake in shares of Autoliv during the third quarter valued at about $45,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Autoliv by 14.0% during the second 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. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Autoliv during the second quarter valued at about $156,000. 69.57% of the stock is 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.