Autoliv (NYSE:ALV) Earns Buy (B) Rating from Weiss Ratings

Key Points

• Autoliv's stock has been given a buy rating by Weiss Ratings, indicating a positive outlook from analysts.
• The company's stock has seen recent target price increases from various analysts, with Barclays raising its target to $135.00 and UBS setting it at $124.00.
• In its latest earnings report, Autoliv reported earnings per share of $2.21, exceeding analysts' estimates and showing a revenue increase of 4.2% year-over-year.

Autoliv (NYSE:ALV - Get Free Report)'s stock had its "buy (b)" rating reiterated by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other equities analysts have also recently commented on the stock. UBS Group reissued a "neutral" rating and set a $124.00 target price (up previously from $123.00) on shares of Autoliv in a research note on Tuesday. Barclays reissued an "overweight" rating and issued a $135.00 target price (up from $105.00) on shares of Autoliv in a research report on Wednesday, July 16th. Royal Bank Of Canada initiated coverage on shares of Autoliv in a research report on Wednesday, June 25th. They issued an "outperform" rating and a $133.00 target price on the stock. Wells Fargo & Company raised their price target on shares of Autoliv from $126.00 to $132.00 and gave the stock an "equal weight" rating in a report on Thursday, September 25th. Finally, Wall Street Zen upgraded shares of Autoliv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.09.

Autoliv Stock Up 1.1%

ALV stock traded up $1.29 during mid-day trading on Wednesday, hitting $123.63. 172,067 shares of the company were exchanged, compared to its average volume of 760,239. The company has a market capitalization of $9.50 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 1.32 and a beta of 1.33. The company has a current ratio of 0.93, a quick ratio of 0.70 and a debt-to-equity ratio of 0.55. Autoliv has a twelve month low of $75.49 and a twelve month high of $129.54. The firm has a fifty day simple moving average of $121.78 and a 200 day simple moving average of $108.36.

Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly earnings results on Friday, July 18th. The auto parts company reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.07 by $0.14. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the firm posted $1.87 EPS. The company's revenue for the quarter was up 4.2% on a year-over-year basis. On average, research analysts forecast that Autoliv will post 9.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Autoliv

A number of institutional investors and hedge funds have recently bought and sold shares of ALV. GAMMA Investing LLC increased its position in Autoliv by 19,615.1% during the first quarter. GAMMA Investing LLC now owns 32,727 shares of the auto parts company's stock worth $2,895,000 after acquiring an additional 32,561 shares during the period. UMB Bank n.a. increased its holdings in Autoliv by 188.6% in the 1st quarter. UMB Bank n.a. now owns 788 shares of the auto parts company's stock valued at $70,000 after buying an additional 515 shares during the period. Farther Finance Advisors LLC increased its holdings in Autoliv by 37.6% in the 1st quarter. Farther Finance Advisors LLC now owns 2,644 shares of the auto parts company's stock valued at $237,000 after buying an additional 723 shares during the period. Signet Financial Management LLC bought a new stake in Autoliv in the 1st quarter valued at $340,000. Finally, SG Americas Securities LLC bought a new stake in Autoliv in the 1st quarter valued at $637,000. 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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