Autoliv (NYSE:ALV) Raised to “Strong-Buy” at Daiwa America

Autoliv (NYSE:ALV) was upgraded by research analysts at Daiwa America from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other research firms have also recently commented on ALV. Robert W. Baird upped their target price on shares of Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Barclays lowered their target price on Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. StockNews.com lowered Autoliv from a “buy” rating to a “hold” rating in a research report on Wednesday, December 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $116.00 price target on shares of Autoliv in a report on Tuesday, September 10th. Finally, Daiwa Capital Markets raised shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price objective for the company in a report on Tuesday. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $121.50.

Autoliv Stock Performance

Autoliv stock opened at $93.43 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. Autoliv has a 12 month low of $89.51 and a 12 month high of $129.38. The company has a fifty day moving average price of $96.37 and a two-hundred day moving average price of $98.12. The company has a market cap of $7.26 billion, a PE ratio of 12.17, a P/E/G ratio of 0.90 and a beta of 1.59.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.16). The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $1.66 earnings per share. Research analysts expect that Autoliv will post 8.19 earnings per share for the current year.

Hedge Funds Weigh In On Autoliv

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP lifted its position in shares of Autoliv by 133.5% in the second quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after buying an additional 207 shares during the last quarter. Fred Alger Management LLC bought a new position in shares of Autoliv in the 3rd quarter valued at approximately $45,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Autoliv by 14.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 117 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Autoliv by 2,115.5% during the third quarter. Farther Finance Advisors LLC now owns 2,282 shares of the auto parts company’s stock worth $213,000 after purchasing an additional 2,179 shares during the period. Finally, Foundations Investment Advisors LLC acquired a new position in Autoliv during the third quarter valued at approximately $222,000. Institutional investors own 69.57% of the company’s stock.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.