Autoliv (ALV) Downgraded to “Neutral” at Longbow Research

Autoliv (NYSE:ALV) was downgraded by Longbow Research from a “buy” rating to a “neutral” rating in a report released on Thursday, Marketbeat reports.

Several other research analysts have also recently issued reports on ALV. Daiwa Capital Markets set a $89.00 target price on Autoliv and gave the company a “buy” rating in a research report on Monday, October 29th. Barclays cut their target price on Autoliv from $72.00 to $70.00 and set a “sell” rating on the stock in a research report on Tuesday. Zacks Investment Research raised Autoliv from a “hold” rating to a “strong-buy” rating and set a $115.00 target price on the stock in a research report on Friday, July 6th. Mizuho reaffirmed an “in-line” rating and set a $97.00 target price on shares of Autoliv in a research report on Monday, October 29th. Finally, BMO Capital Markets cut their target price on Autoliv from $180.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, July 9th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $113.62.

Shares of NYSE:ALV opened at $86.77 on Thursday. The company has a market cap of $7.26 billion, a P/E ratio of 13.19, a P/E/G ratio of 0.67 and a beta of 1.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.97 and a current ratio of 1.25. Autoliv has a 12-month low of $75.99 and a 12-month high of $115.37.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, October 26th. The auto parts company reported $1.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.58 by ($0.23). The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Autoliv had a net margin of 3.52% and a return on equity of 20.06%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 EPS. As a group, research analysts predict that Autoliv will post 7.32 earnings per share for the current fiscal year.

In other Autoliv news, Director Jan Carlson sold 42,589 shares of the business’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $89.53, for a total value of $3,812,993.17. Following the sale, the director now directly owns 53,579 shares in the company, valued at $4,796,927.87. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.25% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Legacy Advisors LLC bought a new stake in shares of Autoliv in the second quarter valued at $176,000. Engineers Gate Manager LP bought a new stake in shares of Autoliv in the second quarter valued at $201,000. GSA Capital Partners LLP bought a new stake in shares of Autoliv in the second quarter valued at $204,000. First Republic Investment Management Inc. bought a new stake in shares of Autoliv in the second quarter valued at $229,000. Finally, Verition Fund Management LLC bought a new stake in shares of Autoliv in the second quarter valued at $233,000. Hedge funds and other institutional investors own 40.17% of the company’s stock.

About Autoliv

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.

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