Autoliv (NYSE:ALV) Upgraded by Daiwa Capital Markets to Outperform Rating

Autoliv (NYSE:ALV) was upgraded by stock analysts at Daiwa Capital Markets from a “neutral” rating to an “outperform” rating in a research note issued on Tuesday,Briefing.com Automated Import reports. The brokerage currently has a $109.00 price objective on the auto parts company’s stock. Daiwa Capital Markets’ price objective suggests a potential upside of 16.50% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Bank of America decreased their target price on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Barclays dropped their target price on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Robert W. Baird upped their target price on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $116.00 price target on shares of Autoliv in a research note on Tuesday, September 10th. Finally, Wells Fargo & Company cut their price objective on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $121.50.

Autoliv Trading Up 0.3 %

ALV opened at $93.56 on Tuesday. The company’s 50 day moving average price is $96.42 and its two-hundred day moving average price is $98.24. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 0.90 and a beta of 1.59. Autoliv has a fifty-two week low of $89.51 and a fifty-two week high of $129.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71.

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). Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the company earned $1.66 earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, research analysts predict that Autoliv will post 8.19 earnings per share for the current year.

Hedge Funds Weigh In On Autoliv

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