Autoliv, Inc. (NYSE:ALV) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.
Other equities research analysts have also issued research reports about the stock. Mizuho upgraded shares of Autoliv from a “neutral” rating to a “buy” rating and upped their target price for the stock from $108.00 to $130.00 in a report on Monday, July 17th. BidaskClub downgraded shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $119.00 price objective on shares of Autoliv in a research report on Friday, June 16th. CLSA assumed coverage on shares of Autoliv in a research report on Thursday, June 22nd. They issued a “hold” rating and a $102.00 price objective for the company. Finally, Zacks Investment Research raised shares of Autoliv from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $109.20.
Autoliv (ALV) opened at 125.45 on Friday. The stock has a 50 day moving average price of $109.21 and a 200 day moving average price of $106.86. Autoliv has a one year low of $93.31 and a one year high of $127.72. The company has a market cap of $10.90 billion, a PE ratio of 19.82 and a beta of 1.12.
Autoliv (NYSE:ALV) last posted its earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.04). Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the company earned $1.75 EPS. The company’s revenue was down 1.3% on a year-over-year basis. On average, equities analysts anticipate that Autoliv will post $6.22 EPS for the current fiscal year.
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In other news, VP Thomas Jonsson sold 1,240 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total transaction of $134,602.00. Following the sale, the vice president now owns 2,311 shares in the company, valued at approximately $250,859.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.25% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of Autoliv by 2,592.0% during the 1st quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock valued at $277,583,000 after purchasing an additional 2,613,635 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Autoliv by 915.3% during the 2nd quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the auto parts company’s stock valued at $244,927,000 after purchasing an additional 2,010,970 shares during the last quarter. FMR LLC grew its holdings in shares of Autoliv by 7.3% during the 2nd quarter. FMR LLC now owns 1,821,095 shares of the auto parts company’s stock valued at $199,956,000 after purchasing an additional 123,781 shares during the last quarter. Edge Asset Management Inc. grew its holdings in shares of Autoliv by 15.6% during the 1st quarter. Edge Asset Management Inc. now owns 1,719,166 shares of the auto parts company’s stock valued at $175,802,000 after purchasing an additional 232,363 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Autoliv by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,400,499 shares of the auto parts company’s stock valued at $153,774,000 after purchasing an additional 24,364 shares during the last quarter. 34.76% of the stock is currently owned by institutional investors.
Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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