Autoliv (NYSE:ALV) Upgraded to “Strong-Buy” at Daiwa America

Autoliv (NYSE:ALV) was upgraded by Daiwa America from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird boosted their price objective on shares of Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $116.00 price objective on shares of Autoliv in a research report on Tuesday, September 10th. Daiwa Capital Markets raised shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price objective for the company in a research note on Tuesday. Wells Fargo & Company cut their target price on 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, Barclays decreased their price target on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $121.50.

Autoliv Stock Down 1.7 %

Shares of NYSE ALV opened at $93.43 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69. Autoliv has a 12-month low of $89.51 and a 12-month high of $129.38. The firm’s 50-day moving average price is $96.37 and its 200-day moving average price is $98.12. The stock has a market capitalization 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 posted 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). The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. Autoliv’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.66 earnings per share. On average, equities research analysts anticipate that Autoliv will post 8.19 EPS for the current fiscal year.

Institutional Trading of Autoliv

A number of hedge funds have recently modified their holdings of the stock. Legend Financial Advisors Inc. boosted its position in Autoliv by 1.8% in the 4th quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company’s stock worth $595,000 after purchasing an additional 115 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Autoliv by 14.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after acquiring an additional 117 shares during the period. Quantinno Capital Management LP grew its position in shares of Autoliv by 0.6% during the 3rd quarter. Quantinno Capital Management LP now owns 23,456 shares of the auto parts company’s stock valued at $2,190,000 after acquiring an additional 130 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of Autoliv by 2.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,953 shares of the auto parts company’s stock valued at $851,000 after purchasing an additional 156 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Autoliv by 2.9% in the 2nd quarter. Victory Capital Management Inc. now owns 5,765 shares of the auto parts company’s stock worth $617,000 after purchasing an additional 162 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

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.