Cross Research Begins Coverage on Autoliv (ALV)

Cross Research began coverage on shares of Autoliv (NYSE:ALV) in a report issued on Wednesday. The brokerage issued a hold rating on the auto parts company’s stock.

Several other equities research analysts also recently commented on the company. ValuEngine raised Autoliv from a buy rating to a strong-buy rating in a report on Monday, April 2nd. Longbow Research reissued a buy rating and issued a $168.00 target price on shares of Autoliv in a report on Tuesday, March 27th. Susquehanna Bancshares set a $137.00 target price on Autoliv and gave the stock a hold rating in a report on Wednesday, March 14th. Citigroup boosted their target price on Autoliv from $129.00 to $154.00 and gave the stock a neutral rating in a report on Monday, March 5th. They noted that the move was a valuation call. Finally, Societe Generale downgraded Autoliv from a hold rating to a sell rating in a report on Wednesday, February 28th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Autoliv presently has a consensus rating of Hold and a consensus target price of $135.48.

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Autoliv stock opened at $149.02 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.26 and a current ratio of 1.58. Autoliv has a 12 month low of $96.11 and a 12 month high of $152.57. The firm has a market capitalization of $13,020.71, a price-to-earnings ratio of 22.72, a P/E/G ratio of 2.09 and a beta of 1.28.

Autoliv (NYSE:ALV) last released its earnings results on Tuesday, January 30th. The auto parts company reported $2.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.29. Autoliv had a return on equity of 13.84% and a net margin of 4.11%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the previous year, the company posted $1.71 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. research analysts predict that Autoliv will post 7.41 EPS for the current year.

In other news, insider Johan Lofvenholm sold 280 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $143.30, for a total transaction of $40,124.00. Following the transaction, the insider now directly owns 10,954 shares of the company’s stock, valued at $1,569,708.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.25% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ALV. JPMorgan Chase & Co. lifted its holdings in Autoliv by 106.0% in the third quarter. JPMorgan Chase & Co. now owns 3,956 shares of the auto parts company’s stock valued at $488,000 after acquiring an additional 2,036 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Autoliv by 5.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 175,974 shares of the auto parts company’s stock valued at $21,751,000 after acquiring an additional 9,160 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Autoliv by 6.4% in the third quarter. Dimensional Fund Advisors LP now owns 865,594 shares of the auto parts company’s stock valued at $106,986,000 after acquiring an additional 52,231 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in Autoliv by 10.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 13,758 shares of the auto parts company’s stock valued at $1,700,000 after acquiring an additional 1,300 shares during the period. Finally, Asset Management One Co. Ltd. lifted its holdings in Autoliv by 9.6% in the third quarter. Asset Management One Co. Ltd. now owns 149,754 shares of the auto parts company’s stock valued at $18,507,000 after acquiring an additional 13,136 shares during the period. 35.51% of the stock is currently owned by institutional investors.

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Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.

Analyst Recommendations for Autoliv (NYSE:ALV)

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