Autoliv (NYSE:ALV) Stock Rating Lowered by StockNews.com

Autoliv (NYSE:ALV) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

Several other brokerages have also recently issued reports on ALV. Robert W. Baird boosted their price target on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $116.00 price target on shares of Autoliv in a report on Tuesday, September 10th. Bank of America decreased their price objective on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Evercore ISI decreased their price objective on Autoliv from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Finally, Wolfe Research began coverage on shares of Autoliv in a research report on Thursday, September 5th. They set an “outperform” rating and a $120.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $124.14.

Autoliv Trading Down 2.8 %

ALV stock traded down $2.75 during midday trading on Monday, hitting $96.77. 1,381,359 shares of the company’s stock were exchanged, compared to its average volume of 701,946. The stock’s fifty day moving average price is $96.54 and its 200-day moving average price is $107.55. Autoliv has a one year low of $89.37 and a one year high of $129.38. The company has a market cap of $7.87 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 0.82 and a beta of 1.60. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.73 and a current ratio of 0.98.

Autoliv (NYSE:ALV) last released its earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the firm posted $1.66 EPS. Autoliv’s revenue was down 1.6% compared to the same quarter last year. Research analysts predict that Autoliv will post 8.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ALV. GAMMA Investing LLC grew its stake in Autoliv by 62.7% during the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 101 shares in the last quarter. Register Financial Advisors LLC bought a new stake in Autoliv during the 1st quarter valued at about $36,000. Quarry LP lifted its holdings in Autoliv by 133.5% during the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after buying an additional 207 shares in the last quarter. Headlands Technologies LLC lifted its holdings in Autoliv by 427.6% during the 1st quarter. Headlands Technologies LLC now owns 823 shares of the auto parts company’s stock valued at $99,000 after buying an additional 667 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of Autoliv by 244.4% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 837 shares of the auto parts company’s stock valued at $101,000 after purchasing an additional 594 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors.

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.