Autoliv, Inc. (NYSE:ALV) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Autoliv, Inc. (NYSE:ALV) have earned an average rating of “Moderate Buy” from the eighteen research firms that are presently covering the stock, Marketbeat.com reports. Seven research 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 company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $127.00.

Several equities research analysts recently commented on ALV shares. Royal Bank Of Canada started coverage on shares of Autoliv in a research report on Wednesday, June 25th. They issued an “outperform” rating and a $133.00 price target for the company. UBS Group restated a “neutral” rating and issued a $124.00 target price (up previously from $123.00) on shares of Autoliv in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft set a $133.00 target price on Autoliv in a report on Friday. Jefferies Financial Group assumed coverage on Autoliv in a research note on Wednesday, July 2nd. They issued a “buy” rating and a $140.00 price objective for the company. Finally, Barclays increased their price objective on Autoliv from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday.

Institutional Trading of Autoliv

Hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its position in Autoliv by 418.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company’s stock worth $219,686,000 after buying an additional 2,004,515 shares in the last quarter. Norges Bank purchased a new stake in shares of Autoliv during the second quarter worth $110,368,000. Swedbank AB raised its holdings in shares of Autoliv by 26.3% during the second quarter. Swedbank AB now owns 2,397,735 shares of the auto parts company’s stock worth $268,307,000 after acquiring an additional 499,411 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Autoliv by 334.1% during the second quarter. Invesco Ltd. now owns 644,818 shares of the auto parts company’s stock worth $72,155,000 after acquiring an additional 496,261 shares in the last quarter. Finally, LSV Asset Management raised its holdings in shares of Autoliv by 83.3% during the second quarter. LSV Asset Management now owns 1,020,082 shares of the auto parts company’s stock worth $114,147,000 after acquiring an additional 463,449 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Trading Down 3.0%

Shares of NYSE ALV opened at $115.47 on Tuesday. Autoliv has a 12 month low of $75.49 and a 12 month high of $129.54. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 1.20 and a beta of 1.33. The company has a quick ratio of 0.70, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $122.28 and a 200-day simple moving average of $108.89.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, July 18th. The auto parts company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.14. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the firm earned $1.87 earnings per share. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Sell-side analysts predict that Autoliv will post 9.51 EPS for the current year.

About Autoliv

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.