Autoliv (NYSE:ALV) Stock Rating Lowered by StockNews.com

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

Several other brokerages also recently weighed in on ALV. Wells Fargo & Company lifted their price objective on shares of Autoliv from $126.00 to $128.00 and gave the company an “equal weight” rating in a research report on Monday, April 29th. Robert W. Baird lifted their price objective on shares of Autoliv from $133.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Bank of America lifted their price objective on shares of Autoliv from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Mizuho lifted their price objective on shares of Autoliv from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Finally, Barclays boosted their price target on shares of Autoliv from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, April 29th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $128.22.

Autoliv Stock Performance

Shares of Autoliv stock traded down $1.33 during trading hours on Wednesday, reaching $124.93. The company’s stock had a trading volume of 406,419 shares, compared to its average volume of 533,494. The company’s 50 day simple moving average is $120.64 and its 200 day simple moving average is $111.69. 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 has a one year low of $79.66 and a one year high of $127.21. The stock has a market cap of $10.17 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 0.79 and a beta of 1.70.

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

Hedge Funds Weigh In On Autoliv

Several hedge funds have recently made changes to their positions in the business. Swedbank AB acquired a new position in shares of Autoliv in the 1st quarter worth approximately $235,996,000. Virtu Financial LLC purchased a new position in shares of Autoliv in the first quarter worth approximately $401,000. Wahed Invest LLC increased its position in shares of Autoliv by 13.6% in the first quarter. Wahed Invest LLC now owns 1,452 shares of the auto parts company’s stock worth $175,000 after acquiring an additional 174 shares in the last quarter. Hancock Whitney Corp increased its position in shares of Autoliv by 3.0% in the first quarter. Hancock Whitney Corp now owns 101,772 shares of the auto parts company’s stock worth $12,256,000 after acquiring an additional 2,969 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new position in shares of Autoliv in the first quarter worth approximately $719,000. 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.