Autoliv (NYSE:ALV) Upgraded to “Overweight” at JPMorgan Chase & Co.

Autoliv (NYSE:ALV) was upgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report released on Wednesday, Marketbeat reports. The brokerage presently has a $140.00 target price on the auto parts company’s stock, up from their previous target price of $109.00. JPMorgan Chase & Co.‘s price target points to a potential upside of 17.41% from the company’s previous close.

Other analysts also recently issued reports about the company. Cowen reiterated a “buy” rating on shares of Autoliv in a report on Monday, October 20th. Morgan Stanley set a $140.00 price target on shares of Autoliv in a research note on Wednesday. Deutsche Bank Aktiengesellschaft set a $133.00 target price on Autoliv in a research note on Friday, October 10th. UBS Group reissued an “outperform” rating on shares of Autoliv in a research note on Monday, October 20th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Autoliv in a report on Thursday, November 13th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Autoliv presently has a consensus rating of “Moderate Buy” and an average price target of $130.88.

Autoliv Trading Up 1.6%

ALV opened at $119.24 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.70. Autoliv has a fifty-two week low of $75.49 and a fifty-two week high of $129.54. The company’s 50 day moving average price is $120.52 and its two-hundred day moving average price is $116.09. The firm has a market capitalization of $9.06 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 0.88 and a beta of 1.35.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, October 17th. The auto parts company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.22. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. Autoliv had a net margin of 7.09% and a return on equity of 31.22%. Autoliv’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.84 earnings per share. As a group, research analysts predict that Autoliv will post 9.51 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ALV. CWM LLC boosted its holdings in shares of Autoliv by 22.1% in the 1st quarter. CWM LLC now owns 1,027 shares of the auto parts company’s stock worth $91,000 after buying an additional 186 shares during the last quarter. AE Wealth Management LLC bought a new stake in Autoliv in the first quarter worth about $277,000. Cetera Investment Advisers boosted its stake in Autoliv by 3.6% in the first quarter. Cetera Investment Advisers now owns 5,229 shares of the auto parts company’s stock valued at $462,000 after acquiring an additional 183 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of Autoliv during the 1st quarter valued at approximately $388,000. Finally, Alberta Investment Management Corp boosted its position in Autoliv by 46.6% during the first quarter. Alberta Investment Management Corp now owns 17,300 shares of the auto parts company’s stock worth $1,530,000 after purchasing an additional 5,500 shares during the period. Institutional investors own 69.57% of the company’s stock.

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.