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

Autoliv (NYSE:ALV) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird upped their price target on Autoliv from $133.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. JPMorgan Chase & Co. boosted their price target on shares of Autoliv from $117.00 to $129.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Bank of America raised their price objective on shares of Autoliv from $135.00 to $145.00 and gave the company a “buy” rating in a report on Monday, April 29th. Mizuho boosted their target price on shares of Autoliv from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Finally, Wells Fargo & Company raised their price target on Autoliv from $126.00 to $128.00 and gave the company an “equal weight” rating in a research note on Monday, April 29th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $128.22.

Autoliv Trading Down 0.4 %

ALV opened at $124.48 on Wednesday. Autoliv has a one year low of $79.66 and a one year high of $127.21. The stock has a market capitalization of $10.13 billion, a PE ratio of 19.42, a P/E/G ratio of 0.70 and a beta of 1.70. The business’s 50 day moving average price is $120.71 and its 200 day moving average price is $111.78. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.82 and a current ratio of 1.10.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, April 26th. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.18. Autoliv had a return on equity of 29.84% and a net margin of 5.10%. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. As a group, equities research analysts expect that Autoliv will post 9.82 EPS for the current year.

Hedge Funds Weigh In On Autoliv

Several hedge funds and other institutional investors have recently bought and sold shares of ALV. FMR LLC grew its stake in Autoliv by 9.6% during the 3rd quarter. FMR LLC now owns 5,264,937 shares of the auto parts company’s stock valued at $507,961,000 after purchasing an additional 459,147 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Autoliv by 6.7% during the third quarter. Vanguard Group Inc. now owns 2,136,224 shares of the auto parts company’s stock worth $206,103,000 after buying an additional 133,746 shares in the last quarter. Swedbank AB bought a new stake in shares of Autoliv in the first quarter worth $235,996,000. Public Sector Pension Investment Board raised its holdings in Autoliv by 41.0% in the fourth quarter. Public Sector Pension Investment Board now owns 958,304 shares of the auto parts company’s stock valued at $105,596,000 after acquiring an additional 278,800 shares in the last quarter. Finally, Mondrian Investment Partners LTD boosted its stake in Autoliv by 20.5% during the 1st quarter. Mondrian Investment Partners LTD now owns 952,555 shares of the auto parts company’s stock valued at $114,716,000 after acquiring an additional 162,319 shares during the last quarter. 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.