Autoliv, Inc. (ALV) Raised to Buy at ValuEngine
Autoliv, Inc. (NYSE:ALV) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.
Several other analysts also recently issued reports on the company. Wells Fargo & Company restated an “outperform” rating and set a $110.50 price objective on shares of Autoliv in a report on Wednesday, June 28th. Zacks Investment Research upgraded Autoliv from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 23rd. BidaskClub upgraded Autoliv from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Royal Bank Of Canada restated a “hold” rating and set a $98.00 price objective on shares of Autoliv in a report on Thursday, July 6th. Finally, CLSA started coverage on Autoliv in a report on Thursday, June 22nd. They set a “hold” rating and a $102.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. Autoliv currently has a consensus rating of “Hold” and an average price target of $109.20.
Autoliv (ALV) traded down 1.34% during trading on Friday, reaching $125.45. 1,409,311 shares of the company’s stock traded hands. Autoliv has a 12 month low of $93.31 and a 12 month high of $127.72. The company has a 50-day moving average of $109.21 and a 200 day moving average of $106.86. The stock has a market capitalization of $10.90 billion, a P/E ratio of 19.82 and a beta of 1.12.
Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.04). The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a return on equity of 13.96% and a net margin of 5.44%. Autoliv’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.75 EPS. On average, equities research analysts expect that Autoliv will post $6.22 earnings per share for the current fiscal year.
In other Autoliv news, VP Thomas Jonsson sold 1,240 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $108.55, for a total transaction of $134,602.00. Following the completion of the sale, the vice president now owns 2,311 shares of the company’s stock, valued at $250,859.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.25% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of ALV. Toronto Dominion Bank boosted its position in shares of Autoliv by 26.9% in the first quarter. Toronto Dominion Bank now owns 971 shares of the auto parts company’s stock valued at $100,000 after acquiring an additional 206 shares during the period. Victory Capital Management Inc. boosted its position in shares of Autoliv by 43.9% in the second quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock valued at $149,000 after acquiring an additional 414 shares during the period. Teachers Advisors LLC boosted its position in shares of Autoliv by 288.3% in the second quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock valued at $156,000 after acquiring an additional 1,058 shares during the period. Pacer Advisors Inc. boosted its position in shares of Autoliv by 3.2% in the first quarter. Pacer Advisors Inc. now owns 1,799 shares of the auto parts company’s stock valued at $184,000 after acquiring an additional 55 shares during the period. Finally, IHT Wealth Management LLC boosted its position in shares of Autoliv by 34.8% in the first quarter. IHT Wealth Management LLC now owns 1,937 shares of the auto parts company’s stock valued at $188,000 after acquiring an additional 500 shares during the period. 34.76% of the stock is owned by institutional investors.
Autoliv Company Profile
Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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