Autoliv (NYSE:ALV) Hits New 1-Year High - Time to Buy?

Key Points

• Autoliv's stock recently reached a new 52-week high of $128.03, with a trading volume of 560,888 shares, closing at $127.84.
• Analysts have mixed ratings on Autoliv, with a consensus average rating of "Moderate Buy" and price targets ranging from $124.00 to $140.00.
• In its latest earnings report, Autoliv posted an EPS of $2.21, exceeding expectations, and reported 4.2% year-over-year revenue growth with $2.71 billion in revenue.

Autoliv, Inc. (NYSE:ALV - Get Free Report)'s share price hit a new 52-week high on Friday . The company traded as high as $128.03 and last traded at $127.84, with a volume of 560888 shares traded. The stock had previously closed at $125.52.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ALV shares. Wells Fargo & Company lifted their price objective on shares of Autoliv from $126.00 to $132.00 and gave the company an "equal weight" rating in a research note on Thursday, September 25th. Royal Bank Of Canada initiated coverage on Autoliv in a report on Wednesday, June 25th. They set an "outperform" rating and a $133.00 price target for the company. Robert W. Baird dropped their price objective on Autoliv from $126.00 to $124.00 and set a "neutral" rating for the company in a research report on Monday, July 21st. Jefferies Financial Group started coverage on Autoliv in a research report on Wednesday, July 2nd. They issued a "buy" rating and a $140.00 target price on the stock. Finally, Wall Street Zen raised shares of Autoliv from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $125.00.

Autoliv Price Performance

The stock has a market cap of $9.82 billion, a P/E ratio of 13.99, a P/E/G ratio of 1.30 and a beta of 1.33. The company's 50 day moving average price is $121.39 and its 200-day moving average price is $107.76. 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 results on Friday, July 18th. The auto parts company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.14. Autoliv had a return on equity of 30.73% and a net margin of 6.83%.The company had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter in the prior year, the firm posted $1.87 earnings per share. The business's quarterly revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Institutional Investors Weigh In On Autoliv

Large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in Autoliv by 1.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,517,790 shares of the auto parts company's stock valued at $281,741,000 after buying an additional 34,064 shares during the period. Swedbank AB boosted its position in shares of Autoliv by 26.3% during the 2nd quarter. Swedbank AB now owns 2,397,735 shares of the auto parts company's stock valued at $268,307,000 after purchasing an additional 499,411 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Autoliv by 14.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,857,069 shares of the auto parts company's stock worth $164,257,000 after purchasing an additional 233,469 shares in the last quarter. LSV Asset Management increased its holdings in Autoliv by 83.3% in the second quarter. LSV Asset Management now owns 1,020,082 shares of the auto parts company's stock worth $114,147,000 after purchasing an additional 463,449 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Autoliv by 26.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 999,506 shares of the auto parts company's stock valued at $111,845,000 after buying an additional 206,200 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

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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