Autoliv, Inc. (NYSE:ALV) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Autoliv, Inc. (NYSE:ALV) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $134.40.

A number of research analysts recently issued reports on the company. Royal Bank Of Canada reduced their price target on Autoliv from $146.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, February 2nd. JPMorgan Chase & Co. upgraded Autoliv from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $109.00 to $140.00 in a research report on Wednesday, November 26th. Evercore decreased their target price on Autoliv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, February 2nd. Wolfe Research set a $143.00 price target on Autoliv in a research note on Monday, January 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Autoliv in a report on Monday, December 29th.

Autoliv Trading Up 1.3%

Shares of ALV stock opened at $125.91 on Monday. The company has a quick ratio of 0.79, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. The firm has a market cap of $9.56 billion, a P/E ratio of 13.17, a price-to-earnings-growth ratio of 1.07 and a beta of 1.32. The business has a 50-day moving average price of $122.55 and a two-hundred day moving average price of $121.00. Autoliv has a 12-month low of $75.49 and a 12-month high of $130.14.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, January 30th. The auto parts company reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.34. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. The company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter last year, the company earned $3.05 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Equities analysts anticipate that Autoliv will post 9.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Autoliv

Several large investors have recently made changes to their positions in the business. Northstar Advisory Group LLC purchased a new position in Autoliv in the third quarter valued at about $1,484,000. First Citizens Bank & Trust Co. purchased a new stake in shares of Autoliv during the third quarter valued at about $1,385,000. Asset Management One Co. Ltd. boosted its holdings in shares of Autoliv by 17.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 88,535 shares of the auto parts company’s stock valued at $10,934,000 after buying an additional 12,944 shares in the last quarter. Nordea Investment Management AB purchased a new position in shares of Autoliv in the 3rd quarter worth approximately $7,697,000. Finally, ABN AMRO Bank N.V. raised its stake in shares of Autoliv by 10.7% during the 3rd quarter. ABN AMRO Bank N.V. now owns 284,217 shares of the auto parts company’s stock worth $34,974,000 after acquiring an additional 27,502 shares in the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Company Profile

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.