Autoliv (NYSE:ALV) Raised to “Outperform” at Daiwa Capital Markets

Autoliv (NYSE:ALV) was upgraded by analysts at Daiwa Capital Markets from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday, MarketBeat Ratings reports. The firm presently has a $109.00 target price on the auto parts company’s stock. Daiwa Capital Markets’ price target indicates a potential upside of 16.66% from the company’s current price.

Several other brokerages have also issued reports on ALV. Robert W. Baird boosted their price objective on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. StockNews.com cut Autoliv from a “buy” rating to a “hold” rating in a research note on Wednesday, December 25th. Barclays cut their target price on Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Wells Fargo & Company cut their target price on Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Monday, December 16th. Finally, Bank of America cut their target price on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $121.50.

Autoliv Price Performance

Shares of ALV opened at $93.43 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. The stock has a 50 day simple moving average of $96.40 and a 200 day simple moving average of $98.15. Autoliv has a 52-week low of $89.51 and a 52-week high of $129.38. The firm has a market capitalization 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 issued its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.16). Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the firm posted $1.66 earnings per share. Autoliv’s revenue for the quarter was down 1.6% compared to the same quarter last year. Sell-side analysts predict that Autoliv will post 8.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Autoliv

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in Autoliv by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock valued at $92,221,000 after acquiring an additional 95,888 shares during the period. Quantbot Technologies LP raised its stake in Autoliv by 1,437.4% in the 3rd quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company’s stock valued at $4,855,000 after acquiring an additional 48,612 shares during the period. HITE Hedge Asset Management LLC raised its stake in Autoliv by 32.9% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 135,424 shares of the auto parts company’s stock valued at $12,645,000 after acquiring an additional 33,490 shares during the period. Barclays PLC raised its stake in Autoliv by 41.5% in the 3rd quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock valued at $2,821,000 after acquiring an additional 8,859 shares during the period. Finally, Marshall Wace LLP raised its stake in Autoliv by 35.8% in the 2nd quarter. Marshall Wace LLP now owns 272,793 shares of the auto parts company’s stock valued at $29,186,000 after acquiring an additional 71,931 shares during the period. 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.