Wolfe Research Reaffirms Peer Perform Rating for Autoliv (NYSE:ALV)

Key Points

• Wolfe Research reaffirmed its “Peer Perform” rating on Autoliv, while the broader analyst consensus remains “Hold” with an average price target of $134.79.
• Autoliv reported quarterly revenue of $2.80 billion, exceeding estimates, but earnings per share of $2.43 fell slightly short of the $2.46 consensus. Revenue increased 3.3% year over year.
• Shares opened at $118.91, within a 12-month range of $99.16 to $132.17, and institutional investors hold approximately 69.57% of the company’s stock.

Autoliv (NYSE:ALV - Get Free Report)'s stock had its "peer perform" rating restated by investment analysts at Wolfe Research in a report released on Wednesday, Marketbeat Ratings reports.

Several other analysts have also issued reports on the stock. Royal Bank Of Canada decreased their price target on shares of Autoliv from $148.00 to $147.00 and set an "outperform" rating on the stock in a research report on Monday, July 20th. Wall Street Zen downgraded Autoliv from a "buy" rating to a "hold" rating in a research report on Saturday, July 4th. UBS Group boosted their price target on Autoliv from $110.00 to $122.00 and gave the company a "neutral" rating in a research note on Monday, June 15th. Wells Fargo & Company upped their price target on Autoliv from $116.00 to $122.00 and gave the company an "equal weight" rating in a report on Thursday, June 25th. Finally, Jefferies Financial Group set a $119.00 price objective on Autoliv in a report on Tuesday. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Autoliv presently has a consensus rating of "Hold" and a consensus target price of $134.79.

Autoliv Price Performance

Shares of NYSE:ALV opened at $118.91 on Wednesday. The company has a market cap of $8.71 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 0.94 and a beta of 1.36. The business has a 50 day moving average price of $121.26 and a 200 day moving average price of $117.80. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. Autoliv has a twelve month low of $99.16 and a twelve month high of $132.17.

Autoliv (NYSE:ALV - Get Free Report) last issued its quarterly earnings results on Friday, July 17th. The auto parts company reported $2.43 EPS for the quarter, missing analysts' consensus estimates of $2.46 by ($0.03). The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. Autoliv had a return on equity of 29.36% and a net margin of 5.79%.The firm's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.21 earnings per share. Research analysts predict that Autoliv will post 10.04 earnings per share for the current year.

Institutional Investors Weigh In On Autoliv

Several large investors have recently modified their holdings of the stock. Allworth Financial LP increased its holdings in shares of Autoliv by 298.8% in the fourth quarter. Allworth Financial LP now owns 327 shares of the auto parts company's stock valued at $39,000 after purchasing an additional 245 shares in the last quarter. Global Retirement Partners LLC acquired a new position in Autoliv during the 2nd quarter worth $60,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Autoliv during the 2nd quarter worth $62,000. Integrated Wealth Concepts LLC bought a new position in Autoliv in the 2nd quarter valued at $69,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Autoliv in the 2nd quarter valued at $78,000. 69.57% of the stock is currently owned by institutional investors.

About Autoliv

Autoliv, Inc is a global supplier of automotive safety systems. The company develops and manufactures products designed to help protect vehicle occupants and other road users, including airbags, seat belts, steering wheels, restraint systems and pedestrian-protection solutions.

Autoliv supplies automotive manufacturers and operates across major vehicle-producing regions, including Europe, the Americas and Asia. Its products are incorporated into vehicles produced by automakers worldwide, and the company works with vehicle manufacturers to develop safety systems for passenger cars and other vehicles.

The company's roots trace to Sweden in 1953, and it has grown into an international automotive-safety business through organic development and acquisitions.

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