StockNews.com Lowers Autoliv (NYSE:ALV) to Hold

Autoliv (NYSE:ALVGet Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company lifted their price objective on Autoliv from $76.00 to $83.00 and gave the company an “equal weight” rating in a report on Monday, October 24th. TheStreet raised shares of Autoliv from a “c+” rating to a “b” rating in a research report on Thursday, November 3rd. UBS Group lowered shares of Autoliv from a “buy” rating to a “neutral” rating and raised their target price for the company from $84.00 to $86.00 in a report on Wednesday, December 7th. Citigroup dropped their target price on shares of Autoliv from $90.00 to $87.00 and set a “neutral” rating for the company in a research report on Friday, January 13th. Finally, Royal Bank of Canada increased their price target on shares of Autoliv from $90.00 to $93.00 and gave the stock an “outperform” rating in a research report on Monday, October 24th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Autoliv currently has a consensus rating of “Hold” and an average price target of $91.92.

Autoliv Price Performance

NYSE:ALV opened at $80.20 on Friday. Autoliv has a 52 week low of $65.74 and a 52 week high of $105.51. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 1.04. The firm’s 50-day simple moving average is $81.37 and its 200 day simple moving average is $78.79. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 18.35 and a beta of 1.70.

Autoliv (NYSE:ALVGet Rating) last announced its earnings results on Friday, October 21st. The auto parts company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.14). The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.36 billion. Autoliv had a return on equity of 13.11% and a net margin of 4.44%. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 earnings per share. As a group, sell-side analysts predict that Autoliv will post 4.21 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Svante Mogefors sold 1,000 shares of Autoliv stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $89.00, for a total transaction of $89,000.00. Following the sale, the insider now directly owns 11,739 shares of the company’s stock, valued at $1,044,771. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Autoliv

Several large investors have recently modified their holdings of the business. Massachusetts Financial Services Co. MA lifted its holdings in Autoliv by 75.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 97,826 shares of the auto parts company’s stock worth $7,001,000 after buying an additional 42,019 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Autoliv in the second quarter worth approximately $3,031,000. Greenhaven Associates Inc. bought a new stake in Autoliv in the second quarter valued at approximately $3,817,000. Meyer Handelman Co. boosted its holdings in Autoliv by 18.6% in the second quarter. Meyer Handelman Co. now owns 15,973 shares of the auto parts company’s stock valued at $1,143,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in Autoliv by 397.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,565 shares of the auto parts company’s stock valued at $1,186,000 after purchasing an additional 13,234 shares during the period. Institutional investors own 46.63% of the company’s stock.

About Autoliv

(Get Rating)

Autoliv, Inc engages in the development, manufacture, and supply of automotive safety systems. It operates through the airbag and seatbelt products and components segment. The firm’s products include passive safety systems, including modules and components for passenger and driver airbags, side airbags, curtain airbags, seatbelts and steering wheels.

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Analyst Recommendations for Autoliv (NYSE:ALV)

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