Longbow Research Begins Coverage on Autoliv (ALV)

Equities researchers at Longbow Research began coverage on shares of Autoliv (NYSE:ALV) in a report issued on Friday. The brokerage set a “buy” rating on the auto parts company’s stock.

Several other equities research analysts have also commented on the company. Zacks Investment Research upgraded Autoliv from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Wednesday, November 1st. Evercore ISI restated an “underperform” rating and set a $100.00 price target (up from $85.00) on shares of Autoliv in a research note on Monday, September 18th. Deutsche Bank restated a “hold” rating and set a $120.00 price target (up from $101.00) on shares of Autoliv in a research note on Thursday, September 14th. KeyCorp upped their target price on Autoliv from $124.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 15th. Finally, Citigroup upped their target price on Autoliv from $105.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, September 15th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. Autoliv has an average rating of “Hold” and a consensus target price of $110.48.

Shares of Autoliv (NYSE ALV) opened at $130.78 on Friday. The company has a market capitalization of $11,216.95, a PE ratio of 22.55, a price-to-earnings-growth ratio of 2.22 and a beta of 1.11. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.23 and a current ratio of 1.55. Autoliv has a 12 month low of $96.08 and a 12 month high of $130.98.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.14. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.50 billion. Autoliv had a return on equity of 13.42% and a net margin of 4.96%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.63 earnings per share. sell-side analysts anticipate that Autoliv will post 6.28 EPS for the current fiscal year.

In related news, insider Johan Lofvenholm sold 3,965 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $128.00, for a total value of $507,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.25% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC boosted its holdings in Autoliv by 7.3% in the second quarter. FMR LLC now owns 1,821,095 shares of the auto parts company’s stock valued at $199,956,000 after purchasing an additional 123,781 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Autoliv by 1.8% in the second quarter. Vanguard Group Inc. now owns 1,400,499 shares of the auto parts company’s stock valued at $153,774,000 after purchasing an additional 24,364 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Autoliv by 6.4% in the third quarter. Dimensional Fund Advisors LP now owns 865,594 shares of the auto parts company’s stock valued at $106,986,000 after purchasing an additional 52,231 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Autoliv by 0.6% in the third quarter. Ameriprise Financial Inc. now owns 729,878 shares of the auto parts company’s stock valued at $90,212,000 after purchasing an additional 4,207 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in Autoliv by 5.8% in the third quarter. Legal & General Group Plc now owns 432,082 shares of the auto parts company’s stock valued at $53,403,000 after purchasing an additional 23,551 shares during the last quarter. 33.51% of the stock is owned by hedge funds and other institutional investors.

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Autoliv Company Profile

Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.

Analyst Recommendations for Autoliv (NYSE:ALV)

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