Autoliv (NYSE:ALV) Lowered to “Hold” Rating by StockNews.com

Autoliv (NYSE:ALV) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Other equities research analysts also recently issued reports about the company. Barclays dropped their target price on Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Wells Fargo & Company reduced their target price on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $116.00 price target on shares of Autoliv in a report on Tuesday, September 10th. Robert W. Baird boosted their price objective on shares of Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, Bank of America decreased their price objective on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $122.46.

Autoliv Trading Down 2.4 %

ALV stock traded down $2.35 during midday trading on Monday, reaching $95.18. 619,772 shares of the company’s stock traded hands, compared to its average volume of 703,535. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. Autoliv has a fifty-two week low of $89.51 and a fifty-two week high of $129.38. The business has a 50-day moving average price of $97.10 and a two-hundred day moving average price of $100.67. The company has a market capitalization of $7.50 billion, a P/E ratio of 12.39, a PEG 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 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.16). Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the firm posted $1.66 EPS. The business’s revenue was down 1.6% compared to the same quarter last year. Equities research analysts forecast that Autoliv will post 8.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Autoliv

Several large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Autoliv in the 3rd quarter worth about $1,684,000. Fortem Financial Group LLC acquired a new stake in Autoliv during the third quarter worth about $609,000. Neo Ivy Capital Management lifted its holdings in Autoliv by 226.6% in the third quarter. Neo Ivy Capital Management now owns 19,842 shares of the auto parts company’s stock worth $1,852,000 after acquiring an additional 13,766 shares during the last quarter. Geode Capital Management LLC boosted its stake in Autoliv by 10.8% in the third quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock valued at $92,221,000 after acquiring an additional 95,888 shares during the period. Finally, Barclays PLC grew its holdings in shares of Autoliv by 41.5% during the third quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock valued at $2,821,000 after purchasing an additional 8,859 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors.

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.