Autoliv (NYSE:ALV) Stock Rating Upgraded by Barclays

Autoliv (NYSE:ALV) was upgraded by equities research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm currently has a $97.00 target price on the auto parts company’s stock, down from their prior target price of $110.00. Barclays‘s target price would suggest a potential upside of 11.20% from the company’s previous close.

Several other analysts have also issued reports on the company. Wells Fargo & Company reduced their target price on Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. StockNews.com downgraded Autoliv from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Pareto Securities downgraded Autoliv to a “hold” rating in a report on Monday, February 3rd. TD Cowen started coverage on shares of Autoliv in a report on Friday, March 7th. They issued a “buy” rating and a $116.00 target price on the stock. Finally, Daiwa America raised Autoliv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.71.

Autoliv Stock Up 6.1 %

ALV stock opened at $87.23 on Tuesday. Autoliv has a 1-year low of $75.49 and a 1-year high of $129.38. The business’s 50 day simple moving average is $90.96 and its 200 day simple moving average is $94.42. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $6.75 billion, a PE ratio of 10.81, a PEG ratio of 0.73 and a beta of 1.47.

Autoliv (NYSE:ALV) last posted its earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.45. The company had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. During the same quarter last year, the company posted $1.58 EPS. As a group, research analysts anticipate that Autoliv will post 9.51 EPS for the current year.

Insider Buying and Selling at Autoliv

In other news, EVP Per Jonas Jademyr sold 401 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $98.85, for a total value of $39,638.85. Following the transaction, the executive vice president now owns 685 shares in the company, valued at approximately $67,712.25. This trade represents a 36.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Magnus Jarlegren sold 1,289 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $98.83, for a total transaction of $127,391.87. Following the sale, the insider now owns 6,142 shares of the company’s stock, valued at $607,013.86. This represents a 17.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,253 shares of company stock worth $915,534 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Autoliv

Several institutional investors and hedge funds have recently bought and sold shares of the business. UMB Bank n.a. boosted its holdings in Autoliv by 139.5% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 159 shares in the last quarter. AlphaQuest LLC lifted its holdings in shares of Autoliv by 74.4% during the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 134 shares during the last quarter. GAMMA Investing LLC raised its stake in Autoliv by 122.9% during the first quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company’s stock valued at $33,000 after buying an additional 204 shares during the last quarter. Twin Tree Management LP purchased a new stake in shares of Autoliv in the fourth quarter worth $50,000. Finally, Physician Wealth Advisors Inc. bought a new position in shares of Autoliv during the fourth quarter valued at $57,000. Hedge funds and other 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.