Autoliv, Inc. (NYSE:ALV) was upgraded by investment analysts at Pareto Securities from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, October 27th, The Fly reports.
Other equities research analysts have also recently issued research reports about the company. BidaskClub upgraded Autoliv from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Royal Bank of Canada reaffirmed a “hold” rating and set a $98.00 price objective on shares of Autoliv in a report on Thursday, July 6th. Evercore ISI reissued an “underperform” rating and issued a $100.00 target price (up previously from $85.00) on shares of Autoliv in a report on Monday, September 18th. Deutsche Bank AG reissued a “hold” rating and issued a $120.00 target price (up previously from $101.00) on shares of Autoliv in a report on Thursday, September 14th. Finally, Citigroup Inc. increased their price objective on Autoliv from $105.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, September 15th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $113.95.
Autoliv (NYSE:ALV) traded up $0.04 during midday trading on Friday, reaching $123.44. The company’s stock had a trading volume of 385,200 shares, compared to its average volume of 550,206. Autoliv has a 52 week low of $96.08 and a 52 week high of $127.75. The firm has a market cap of $10,730.02, a P/E ratio of 19.68, a P/E/G ratio of 2.40 and a beta of 1.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.23 and a current ratio of 1.55.
Autoliv (NYSE:ALV) last posted its earnings results on Thursday, October 26th. The auto parts company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.14. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Autoliv had a return on equity of 13.42% and a net margin of 4.96%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 earnings per share. sell-side analysts anticipate that Autoliv will post 6.26 EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently bought and sold shares of the company. Nuance Investments LLC bought a new stake in shares of Autoliv in the 3rd quarter worth $3,812,000. JPMorgan Chase & Co. raised its stake in shares of Autoliv by 106.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,956 shares of the auto parts company’s stock worth $488,000 after buying an additional 2,036 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Autoliv by 5.8% in the 3rd quarter. Legal & General Group Plc now owns 432,082 shares of the auto parts company’s stock worth $53,403,000 after buying an additional 23,551 shares in the last quarter. FNY Partners Fund LP raised its stake in shares of Autoliv by 31.8% in the 3rd quarter. FNY Partners Fund LP now owns 10,616 shares of the auto parts company’s stock worth $1,312,000 after buying an additional 2,561 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of Autoliv by 1.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 51,753 shares of the auto parts company’s stock worth $6,378,000 after buying an additional 815 shares in the last quarter. 32.72% of the stock is currently owned by institutional investors.
Autoliv Company Profile
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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