Autoliv, Inc. (NYSE:ALV) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Autoliv, Inc. (NYSE:ALV) have been given an average recommendation of “Moderate Buy” by the eighteen analysts that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $127.00.

ALV has been the topic of several research analyst reports. Jefferies Financial Group initiated coverage on shares of Autoliv in a research report on Wednesday, July 2nd. They issued a “buy” rating and a $140.00 price objective on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Autoliv in a report on Wednesday, October 8th. Robert W. Baird cut their price target on shares of Autoliv from $126.00 to $124.00 and set a “neutral” rating on the stock in a report on Monday, July 21st. Mizuho lifted their price target on shares of Autoliv from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $133.00 price objective on Autoliv in a research report on Friday.

Hedge Funds Weigh In On Autoliv

Several large investors have recently modified their holdings of ALV. Charles Schwab Investment Management Inc. raised its position in Autoliv by 418.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company’s stock worth $219,686,000 after buying an additional 2,004,515 shares during the last quarter. Norges Bank bought a new position in shares of Autoliv during the 2nd quarter valued at approximately $110,368,000. Swedbank AB grew its stake in shares of Autoliv by 26.3% during the 2nd quarter. Swedbank AB now owns 2,397,735 shares of the auto parts company’s stock valued at $268,307,000 after acquiring an additional 499,411 shares during the period. Invesco Ltd. grew its stake in shares of Autoliv by 334.1% during the 2nd quarter. Invesco Ltd. now owns 644,818 shares of the auto parts company’s stock valued at $72,155,000 after acquiring an additional 496,261 shares during the period. Finally, LSV Asset Management grew its stake in shares of Autoliv by 83.3% during the 2nd quarter. LSV Asset Management now owns 1,020,082 shares of the auto parts company’s stock valued at $114,147,000 after acquiring an additional 463,449 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Up 1.3%

ALV stock opened at $117.05 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.70 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average is $122.40 and its 200 day moving average is $109.21. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 1.19 and a beta of 1.33. Autoliv has a 1-year low of $75.49 and a 1-year high of $129.54.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, July 18th. The auto parts company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.14. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. Autoliv’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.87 earnings per share. Sell-side analysts predict that Autoliv will post 9.51 EPS for the current fiscal year.

Autoliv Company Profile

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.