Autoliv (NYSE:ALV) Given Buy (B) Rating at Weiss Ratings

Key Points

• Autoliv's stock has received a "buy (b)" rating from Weiss Ratings, indicating positive analyst sentiment towards the company.
• The company reported an EPS of $2.32 for the recent quarter, exceeding expectations and showing a year-over-year revenue increase of 5.9%.
• Currently, Autoliv has a market capitalization of $8.80 billion and a consensus price target of $128.00 among analysts.

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

Several other research analysts have also recently commented on the stock. Jefferies Financial Group initiated coverage on shares of Autoliv in a report on Wednesday, July 2nd. They set a "buy" rating and a $140.00 target price on the stock. Berenberg Bank set a $134.00 target price on shares of Autoliv in a report on Tuesday. Wall Street Zen raised shares of Autoliv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Wells Fargo & Company decreased their price objective on shares of Autoliv from $132.00 to $129.00 and set an "equal weight" rating on the stock in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft set a $133.00 price objective on shares of Autoliv in a research note on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $128.00.

Autoliv Stock Performance

ALV stock traded up $0.19 during mid-day trading on Friday, hitting $115.85. 715,047 shares of the company were exchanged, compared to its average volume of 769,745. The business has a 50 day simple moving average of $122.97 and a 200-day simple moving average of $110.68. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $8.80 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 0.88 and a beta of 1.33. Autoliv has a 1-year low of $75.49 and a 1-year high of $129.54.

Autoliv (NYSE:ALV - Get Free Report) last announced its earnings results on Friday, October 17th. The auto parts company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.10 by $0.22. Autoliv had a net margin of 7.09% and a return on equity of 31.22%. The company had revenue of $2.71 billion for the quarter, compared to analysts' expectations of $2.66 billion. During the same period last year, the firm earned $1.84 earnings per share. The business's revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts forecast that Autoliv will post 9.51 earnings per share for the current year.

Institutional Investors Weigh In On Autoliv

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in Autoliv by 122.9% in the first quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company's stock valued at $33,000 after purchasing an additional 204 shares in the last quarter. Summit Securities Group LLC bought a new stake in Autoliv in the first quarter valued at $1,029,000. Impax Asset Management Group plc increased its stake in Autoliv by 11.9% in the first quarter. Impax Asset Management Group plc now owns 84,358 shares of the auto parts company's stock valued at $7,461,000 after purchasing an additional 8,953 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in Autoliv by 7.3% in the first quarter. Asset Management One Co. Ltd. now owns 75,591 shares of the auto parts company's stock valued at $6,686,000 after purchasing an additional 5,137 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of Autoliv during the first quarter worth about $407,000. 69.57% of the stock is owned by institutional investors.

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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