Autoliv (NYSE:ALV) Stock Rating Upgraded by Robert W. Baird

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Autoliv (NYSE:ALV) was upgraded by stock analysts at Robert W. Baird from an “underperform” rating to a “neutral” rating in a report issued on Monday, Marketbeat Ratings reports.

A number of other research analysts have also recently issued reports on the company. Nordea Equity Research cut Autoliv from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Buckingham Research boosted their price target on Sonic Automotive from $15.00 to $20.00 and gave the company a “neutral” rating in a report on Monday. Zacks Investment Research lowered Genprex from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. Royal Bank of Canada upgraded Snap from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $10.00 to $17.00 in a report on Friday, April 5th. Finally, Barclays restated a “sell” rating and issued a $57.00 price target on shares of Autoliv in a report on Sunday, March 31st. Eight equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. Autoliv presently has a consensus rating of “Hold” and a consensus price target of $87.96.

NYSE:ALV opened at $70.00 on Monday. Autoliv has a 1 year low of $61.07 and a 1 year high of $107.12. The company has a current ratio of 1.14, a quick ratio of 0.87 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $5.94 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 1.33 and a beta of 1.52. The firm has a 50-day simple moving average of $66.94.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, April 26th. The auto parts company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.37). Autoliv had a net margin of 2.03% and a return on equity of 27.29%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the firm posted $1.66 earnings per share. The firm’s revenue was down 3.0% on a year-over-year basis. As a group, equities analysts expect that Autoliv will post 6.58 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Autoliv by 3.6% during the fourth quarter. BlackRock Inc. now owns 3,100,526 shares of the auto parts company’s stock worth $217,751,000 after acquiring an additional 106,503 shares in the last quarter. FMR LLC raised its holdings in Autoliv by 13.5% during the first quarter. FMR LLC now owns 2,237,425 shares of the auto parts company’s stock worth $164,518,000 after acquiring an additional 266,418 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Autoliv by 13.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,129,802 shares of the auto parts company’s stock worth $79,351,000 after acquiring an additional 138,176 shares in the last quarter. FIL Ltd raised its holdings in Autoliv by 495.5% during the first quarter. FIL Ltd now owns 1,070,843 shares of the auto parts company’s stock worth $78,738,000 after acquiring an additional 891,035 shares in the last quarter. Finally, Lancaster Investment Management LLP raised its holdings in Autoliv by 28.0% during the first quarter. Lancaster Investment Management LLP now owns 776,912 shares of the auto parts company’s stock worth $57,126,000 after acquiring an additional 169,771 shares in the last quarter. Institutional investors and hedge funds own 35.97% of the company’s stock.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including 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.

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Analyst Recommendations for Autoliv (NYSE:ALV)

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