ValuEngine Upgrades Autoliv (ALV) to “Strong-Buy”

ValuEngine upgraded shares of Autoliv (NYSE:ALV) from a buy rating to a strong-buy rating in a report issued on Monday.

A number of other analysts also recently issued reports on the stock. Longbow Research reissued a buy rating and issued a $168.00 price objective on shares of Autoliv in a report on Tuesday, March 27th. Susquehanna Bancshares set a $137.00 price objective on shares of Autoliv and gave the company a hold rating in a report on Wednesday, March 14th. Citigroup boosted their price objective on shares of Autoliv from $129.00 to $154.00 and gave the company a neutral rating in a report on Monday, March 5th. They noted that the move was a valuation call. Societe Generale downgraded shares of Autoliv from a hold rating to a sell rating in a report on Wednesday, February 28th. Finally, BMO Capital Markets boosted their price objective on shares of Autoliv from $152.00 to $175.00 and gave the company an outperform rating in a report on Monday, February 12th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Hold and an average price target of $135.48.

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Shares of ALV opened at $148.05 on Monday. Autoliv has a 52 week low of $96.08 and a 52 week high of $152.57. The stock has a market capitalization of $13,080.72, a P/E ratio of 22.82, a P/E/G ratio of 2.10 and a beta of 1.28. The company has a current ratio of 1.58, a quick ratio of 1.26 and a debt-to-equity ratio of 0.32.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Tuesday, January 30th. The auto parts company reported $2.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.29. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.69 billion. Autoliv had a net margin of 4.11% and a return on equity of 13.84%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.71 EPS. equities analysts expect that Autoliv will post 7.41 earnings per share for the current year.

In other news, insider Johan Lofvenholm sold 280 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $143.30, for a total transaction of $40,124.00. Following the completion of the sale, the insider now owns 10,954 shares of the company’s stock, valued at approximately $1,569,708.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Autoliv by 90.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 4,217 shares of the auto parts company’s stock worth $536,000 after acquiring an additional 2,003 shares during the period. Xact Kapitalforvaltning AB lifted its stake in Autoliv by 6.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 13,106 shares of the auto parts company’s stock valued at $1,666,000 after purchasing an additional 790 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in Autoliv by 34.0% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,700 shares of the auto parts company’s stock valued at $851,000 after purchasing an additional 1,700 shares during the last quarter. Banco de Sabadell S.A bought a new position in Autoliv in the 4th quarter valued at approximately $691,000. Finally, Hunter Associates Investment Management LLC bought a new position in Autoliv in the 4th quarter valued at approximately $204,000. 35.51% of the stock is owned by institutional investors.

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Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Autoliv (NYSE:ALV)

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