Autoliv (NYSE:ALV) Upgraded at Daiwa America

Autoliv (NYSE:ALV) was upgraded by analysts at Daiwa America from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other research firms also recently weighed in on ALV. Robert W. Baird increased their target price on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Bank of America lowered their price objective on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Wells Fargo & Company cut their target price on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. Barclays decreased their price target on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Finally, StockNews.com downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a research report on Wednesday, December 25th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $121.50.

Autoliv Stock Performance

Shares of ALV stock opened at $93.43 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The company has a 50 day moving average price of $96.37 and a 200-day moving average price of $98.12. Autoliv has a 52 week low of $89.51 and a 52 week high of $129.38. The firm has a market capitalization of $7.26 billion, a PE ratio of 12.17, a P/E/G ratio of 0.90 and a beta of 1.59.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). The company 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 company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $1.66 EPS. As a group, equities research analysts expect that Autoliv will post 8.19 earnings per share for the current year.

Hedge Funds Weigh In On Autoliv

A number of hedge funds and other institutional investors have recently modified their holdings of ALV. FMR LLC lifted its stake in Autoliv by 6.1% in the 3rd quarter. FMR LLC now owns 6,504,605 shares of the auto parts company’s stock worth $607,335,000 after purchasing an additional 376,665 shares in the last quarter. Swedbank AB lifted its position in shares of Autoliv by 8.7% in the third quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock worth $239,707,000 after buying an additional 205,241 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Autoliv by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,316,874 shares of the auto parts company’s stock valued at $140,892,000 after buying an additional 40,957 shares during the last quarter. Mondrian Investment Partners LTD boosted its stake in Autoliv by 21.8% during the second quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock valued at $117,330,000 after buying an additional 207,521 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Autoliv by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock valued at $92,221,000 after buying an additional 95,888 shares in the last quarter. 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.