Autoliv (NYSE:ALV) Upgraded to “Outperform” at Daiwa Capital Markets

Autoliv (NYSE:ALV) was upgraded by investment analysts at Daiwa Capital Markets from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $109.00 price objective on the auto parts company’s stock. Daiwa Capital Markets’ target price suggests a potential upside of 16.66% from the stock’s current price.

Several other analysts have also issued reports on the company. Bank of America reduced their target price on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Wells Fargo & Company reduced their target price on Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. Robert W. Baird increased 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $116.00 target price on shares of Autoliv in a report on Tuesday, September 10th. Finally, Barclays reduced their price objective 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. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $121.50.

Autoliv Stock Performance

Shares of NYSE ALV opened at $93.43 on Tuesday. 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 stock’s fifty day moving average price is $96.40 and its two-hundred day moving average price is $98.15. Autoliv has a one year low of $89.51 and a one year high of $129.38. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 12.17, 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 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.66 earnings per share. On average, equities analysts forecast that Autoliv will post 8.19 EPS for the current year.

Hedge Funds Weigh In On Autoliv

Hedge funds have recently made changes to their positions in the stock. Lind Value II ApS acquired a new stake in Autoliv during the third quarter worth approximately $35,818,000. FMR LLC grew its stake in Autoliv by 6.1% during the third 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 grew its stake in Autoliv by 130.2% during the second quarter. AQR Capital Management LLC now owns 498,575 shares of the auto parts company’s stock worth $53,111,000 after purchasing an additional 281,956 shares during the period. Mondrian Investment Partners LTD grew its stake in Autoliv by 21.8% during the second quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock worth $117,330,000 after purchasing an additional 207,521 shares during the period. Finally, Swedbank AB grew its stake in Autoliv by 8.7% during the third quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock worth $239,707,000 after purchasing an additional 205,241 shares during the period. 69.57% of the stock is currently 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.