Autoliv, Inc. (NYSE:ALV) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Autoliv, Inc. has received a consensus recommendation of "Moderate Buy" from research firms, with 10 analysts rating it as a buy and 2 as a strong buy.
• The average 12-month price target for Autoliv shares is $125.00, with some analysts offering targets as high as $140.00.
• In its latest quarterly earnings, Autoliv reported $2.21 earnings per share (EPS), outperforming analysts' expectations of $2.07 by $0.14.

Shares of Autoliv, Inc. (NYSE:ALV - Get Free Report) have received an average recommendation of "Moderate Buy" from the seventeen research firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $125.00.

A number of research firms recently issued reports on ALV. Robert W. Baird lowered their target price on Autoliv from $126.00 to $124.00 and set a "neutral" rating for the company in a research note on Monday, July 21st. Royal Bank Of Canada began coverage on Autoliv in a research report on Wednesday, June 25th. They set an "outperform" rating and a $133.00 price target on the stock. Wall Street Zen raised shares of Autoliv from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Jefferies Financial Group began coverage on Autoliv in a report on Wednesday, July 2nd. They set a "buy" rating and a $140.00 price target for the company. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Autoliv in a report on Saturday, September 27th.

Autoliv Stock Down 0.4%

Shares of Autoliv stock opened at $127.48 on Tuesday. The business has a fifty day simple moving average of $121.61 and a 200 day simple moving average of $108.26. Autoliv has a 12 month low of $75.49 and a 12 month high of $129.54. The stock has a market cap of $9.79 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33. The company has a quick ratio of 0.70, a current ratio of 0.93 and a debt-to-equity ratio of 0.55.

Autoliv (NYSE:ALV - Get Free Report) last issued its quarterly earnings data on Friday, July 18th. The auto parts company reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.07 by $0.14. The firm had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.57 billion. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The business's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.87 earnings per share. Research analysts predict that Autoliv will post 9.51 EPS for the current year.

Hedge Funds Weigh In On Autoliv

A number of hedge funds have recently added to or reduced their stakes in the stock. SouthState Corp bought a new position in Autoliv in the 1st quarter valued at about $25,000. True Wealth Design LLC increased its stake in shares of Autoliv by 1,892.3% in the 2nd quarter. True Wealth Design LLC now owns 259 shares of the auto parts company's stock valued at $29,000 after purchasing an additional 246 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Autoliv by 122.9% during the 1st quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company's stock worth $33,000 after buying an additional 204 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Autoliv by 103.5% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 348 shares of the auto parts company's stock worth $39,000 after buying an additional 177 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Autoliv during the 1st quarter worth $44,000. Institutional investors own 69.57% of the company's stock.

Autoliv Company Profile

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.

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