Autoliv (NYSE:ALV) Downgraded to Hold at StockNews.com

Autoliv (NYSE:ALV) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Several other research analysts have also weighed in on ALV. Barclays lowered their target price on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Hsbc Global Res raised shares of Autoliv to a “strong-buy” rating in a report on Monday, July 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $116.00 target price on shares of Autoliv in a research report on Tuesday, September 10th. Citigroup lowered their price objective on shares of Autoliv from $119.00 to $108.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Finally, Evercore ISI decreased their target price on shares of Autoliv from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.14.

Autoliv Stock Performance

Shares of ALV traded down $2.75 during trading hours on Monday, hitting $96.77. The stock had a trading volume of 1,381,359 shares, compared to its average volume of 701,946. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.73 and a current ratio of 0.98. The firm has a 50-day moving average price of $96.54 and a 200 day moving average price of $107.55. Autoliv has a fifty-two week low of $89.37 and a fifty-two week high of $129.38. The firm has a market capitalization of $7.87 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 0.82 and a beta of 1.60.

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 analysts’ consensus estimates of $2.00 by ($0.16). The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. Autoliv had a return on equity of 30.05% and a net margin of 5.91%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.66 earnings per share. As a group, research analysts anticipate that Autoliv will post 8.44 EPS for the current year.

Institutional Investors Weigh In On Autoliv

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALV. State of Michigan Retirement System increased its position in Autoliv by 0.6% in the 1st quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock worth $2,180,000 after buying an additional 100 shares during the period. KRS Capital Management LLC boosted its stake in Autoliv by 3.7% in the 1st quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock valued at $336,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC boosted its stake in Autoliv by 62.7% in the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 101 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Autoliv by 14.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 117 shares in the last quarter. Finally, Smithfield Trust Co boosted its stake in Autoliv by 12.1% in the first quarter. Smithfield Trust Co now owns 1,330 shares of the auto parts company’s stock worth $160,000 after purchasing an additional 144 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

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.