Autoliv (NYSE:ALV) Lowered to "Hold" Rating by Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has downgraded Autoliv from a "buy" rating to a "hold" rating as of Friday.
• Currently, Autoliv has an average rating of "Moderate Buy" with a consensus target price of $126.45.
• Shares of Autoliv opened at $118.83, experiencing a drop of 3.4% on the same day.

Autoliv (NYSE:ALV - Get Free Report) was downgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research note issued on Friday,Finviz reports.

ALV has been the topic of several other reports. Jefferies Financial Group assumed coverage on Autoliv in a research report on Wednesday, July 2nd. They set a "buy" rating and a $140.00 price target on the stock. UBS Group reissued a "neutral" rating and set a $124.00 price target (up from $123.00) on shares of Autoliv in a research report on Tuesday. Barclays set a $150.00 price target on Autoliv and gave the company an "overweight" rating in a research report on Friday. Wells Fargo & Company upped their price target on Autoliv from $126.00 to $132.00 and gave the company an "equal weight" rating in a research report on Thursday, September 25th. Finally, Robert W. Baird dropped their price target on Autoliv from $126.00 to $124.00 and set a "neutral" rating on the stock in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $126.45.

Autoliv Trading Down 3.4%

Shares of NYSE ALV opened at $118.83 on Friday. Autoliv has a 12 month low of $75.49 and a 12 month high of $129.54. The company has a market cap of $9.13 billion, a price-to-earnings ratio of 13.00, a P/E/G ratio of 1.27 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. The business has a fifty day simple moving average of $122.18 and a 200-day simple moving average of $108.65.

Autoliv (NYSE:ALV - Get Free Report) last announced its earnings results on Friday, July 18th. The auto parts company reported $2.21 EPS 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 business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the business posted $1.87 earnings per share. Autoliv's revenue was up 4.2% compared to the same quarter last year. Sell-side analysts predict that Autoliv will post 9.51 EPS for the current year.

Institutional Trading of Autoliv

Several large investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in shares of Autoliv by 30.0% during the 3rd quarter. GAMMA Investing LLC now owns 733 shares of the auto parts company's stock worth $91,000 after acquiring an additional 169 shares in the last quarter. Texas Permanent School Fund Corp increased its position in Autoliv by 46.1% in the 2nd quarter. Texas Permanent School Fund Corp now owns 88,709 shares of the auto parts company's stock worth $9,927,000 after buying an additional 27,997 shares during the period. Kestra Investment Management LLC increased its position in Autoliv by 48.2% in the 2nd quarter. Kestra Investment Management LLC now owns 1,266 shares of the auto parts company's stock worth $142,000 after buying an additional 412 shares during the period. Captrust Financial Advisors increased its position in Autoliv by 28.2% in the 2nd quarter. Captrust Financial Advisors now owns 3,647 shares of the auto parts company's stock worth $408,000 after buying an additional 803 shares during the period. Finally, Manhattan West Asset Management LLC increased its position in Autoliv by 5.0% in the 2nd quarter. Manhattan West Asset Management LLC now owns 30,538 shares of the auto parts company's stock worth $3,417,000 after buying an additional 1,450 shares during the period. Institutional investors own 69.57% of the company's stock.

About Autoliv

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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