Autoliv’s (ALV) Buy (B) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their buy (b) rating on shares of Autoliv (NYSE:ALV) in a research report sent to investors on Wednesday morning,Weiss Ratings reports.

Other research analysts also recently issued research reports about the company. Royal Bank Of Canada started coverage on Autoliv in a research note on Wednesday, June 25th. They issued an “outperform” rating and a $133.00 target price on the stock. Robert W. Baird reduced their price target on Autoliv from $126.00 to $124.00 and set a “neutral” rating for the company in a research report on Monday, July 21st. Jefferies Financial Group started coverage on Autoliv in a research report on Wednesday, July 2nd. They issued a “buy” rating and a $140.00 price target for the company. Barclays reaffirmed an “overweight” rating and issued a $135.00 price target (up previously from $105.00) on shares of Autoliv in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company boosted their price target on Autoliv from $126.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.00.

Autoliv Stock Performance

Shares of NYSE ALV opened at $115.47 on Wednesday. The business’s 50-day moving average price is $122.28 and its two-hundred day moving average price is $108.80. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.70. Autoliv has a one year low of $75.49 and a one year high of $129.54. The company has a market capitalization of $8.87 billion, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 1.23 and a beta of 1.33.

Autoliv (NYSE:ALV) last issued its earnings results 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 return on equity of 30.73% and a net margin of 6.83%.The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the company posted $1.87 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts anticipate that Autoliv will post 9.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Autoliv

Several large investors have recently made changes to their positions in ALV. GAMMA Investing LLC lifted its position in shares of Autoliv by 19,615.1% during the 1st quarter. GAMMA Investing LLC now owns 32,727 shares of the auto parts company’s stock worth $2,895,000 after purchasing an additional 32,561 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Autoliv by 188.6% during the 1st quarter. UMB Bank n.a. now owns 788 shares of the auto parts company’s stock worth $70,000 after purchasing an additional 515 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Autoliv by 37.6% during the 1st quarter. Farther Finance Advisors LLC now owns 2,644 shares of the auto parts company’s stock worth $237,000 after purchasing an additional 723 shares during the last quarter. Signet Financial Management LLC acquired a new position in shares of Autoliv during the 1st quarter worth about $340,000. Finally, SG Americas Securities LLC acquired a new position in shares of Autoliv during the 1st quarter worth about $637,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

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.