Autoliv (NYSE:ALV) Cut to Hold at StockNews.com

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

A number of other research analysts have also commented on the company. Barclays lowered their price target on Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. 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. Wells Fargo & Company decreased their price objective on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a report on Monday. Bank of America dropped their target price on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $116.00 price target on shares of Autoliv in a research note on Tuesday, September 10th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $122.46.

Autoliv Stock Performance

NYSE ALV traded down $2.35 on Monday, hitting $95.18. The stock had a trading volume of 619,772 shares, compared to its average volume of 703,535. The company’s 50-day moving average is $97.10 and its two-hundred day moving average is $100.67. Autoliv has a one year low of $89.51 and a one year high of $129.38. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 0.90 and a beta of 1.59. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69.

Autoliv (NYSE:ALV) last issued its quarterly earnings data 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). The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $1.66 earnings per share. On average, analysts expect that Autoliv will post 8.19 earnings per share for the current year.

Institutional Trading of Autoliv

Several large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in Autoliv by 13.5% during the second quarter. SG Americas Securities LLC now owns 3,446 shares of the auto parts company’s stock valued at $369,000 after buying an additional 409 shares during the period. Assenagon Asset Management S.A. purchased a new position in Autoliv during the second quarter valued at approximately $3,753,000. Raymond James & Associates increased its stake in Autoliv by 4.5% in the 2nd quarter. Raymond James & Associates now owns 43,254 shares of the auto parts company’s stock valued at $4,628,000 after buying an additional 1,879 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new stake in Autoliv in the 2nd quarter worth approximately $236,000. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of Autoliv during the 2nd quarter valued at $259,000. 69.57% of the stock is owned by institutional investors and hedge funds.

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.