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

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

Several other research analysts also recently issued reports on ALV. Bank of America dropped their price objective on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $116.00 price target on shares of Autoliv in a report on Tuesday, September 10th. Wells Fargo & Company decreased their price objective on Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. StockNews.com lowered Autoliv from a “buy” rating to a “hold” rating in a research note on Wednesday, December 25th. Finally, Barclays decreased their price target on shares of 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 analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $121.50.

Autoliv Price Performance

Shares of NYSE:ALV opened at $93.43 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average price of $96.37 and a 200 day moving average price of $98.12. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 0.90 and a beta of 1.59. Autoliv has a twelve month low of $89.51 and a twelve month high of $129.38.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share 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 the consensus estimate of $2.52 billion. During the same period in the prior year, the company posted $1.66 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. Research analysts predict that Autoliv will post 8.19 earnings per share for the current year.

Hedge Funds Weigh In On Autoliv

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP grew its stake in shares of Autoliv by 133.5% during the second quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 207 shares during the last quarter. Fred Alger Management LLC acquired a new position in Autoliv during the 3rd quarter worth $45,000. Benjamin F. Edwards & Company Inc. boosted its position in Autoliv by 14.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after buying an additional 117 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Autoliv by 2,115.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,282 shares of the auto parts company’s stock valued at $213,000 after buying an additional 2,179 shares during the period. Finally, Foundations Investment Advisors LLC bought a new stake in shares of Autoliv during the third quarter worth $222,000. Institutional investors and hedge funds 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.