Autoliv’s (ALV) “Hold” Rating Reaffirmed at Cowen

Autoliv (NYSE:ALV)‘s stock had its “hold” rating reissued by Cowen in a research report issued on Friday. They presently have a $139.00 price target on the auto parts company’s stock. Cowen’s price objective indicates a potential upside of 1.88% from the company’s previous close.

Other analysts have also issued research reports about the company. Jefferies Group restated a “buy” rating and set a $145.00 target price (up previously from $125.00) on shares of Autoliv in a report on Thursday, September 21st. They noted that the move was a valuation call. Pareto Securities upgraded Autoliv from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Zacks Investment Research upgraded Autoliv from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a report on Tuesday, October 17th. KeyCorp reiterated a “buy” rating and set a $146.00 price objective (up previously from $136.00) on shares of Autoliv in a report on Monday, November 6th. Finally, ValuEngine upgraded Autoliv from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $116.07.

Autoliv (NYSE ALV) traded up $0.76 during trading on Friday, reaching $136.44. The company’s stock had a trading volume of 358,658 shares, compared to its average volume of 420,354. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.23 and a current ratio of 1.55. The stock has a market capitalization of $11,840.00, a price-to-earnings ratio of 23.52, a P/E/G ratio of 2.36 and a beta of 1.11. Autoliv has a one year low of $96.08 and a one year high of $137.36.

Autoliv (NYSE:ALV) last posted its earnings results on Thursday, October 26th. The auto parts company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.14. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.50 billion. Autoliv had a return on equity of 13.42% and a net margin of 4.96%. Autoliv’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.63 earnings per share. research analysts anticipate that Autoliv will post 6.27 earnings per share for the current year.

In related news, insider Johan Lofvenholm sold 3,965 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $128.00, for a total value of $507,520.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.25% of the company’s stock.

A number of hedge funds have recently modified their holdings of ALV. Alecta Pensionsforsakring Omsesidigt purchased a new position in Autoliv in the 1st quarter worth $1,002,637,000. BlackRock Inc. raised its stake in Autoliv by 2,592.0% in the 1st quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock worth $277,583,000 after acquiring an additional 2,613,635 shares during the last quarter. Principal Financial Group Inc. raised its stake in Autoliv by 915.3% in the 2nd quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the auto parts company’s stock worth $244,927,000 after acquiring an additional 2,010,970 shares during the last quarter. Norges Bank purchased a new position in Autoliv in the 4th quarter worth $82,150,000. Finally, Fiera Capital Corp acquired a new stake in Autoliv during the 2nd quarter worth about $44,173,000. Institutional investors own 33.43% of the company’s stock.

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About Autoliv

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.

Analyst Recommendations for Autoliv (NYSE:ALV)

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