Autoliv's (ALV) Neutral Rating Reaffirmed at UBS Group

Key Points

• Autoliv (NYSE: ALV) received a "neutral" rating from UBS Group, with a price target increased to $124.00, indicating a potential downside of 2.73% from the current stock price.
• Institutional investors own 69.57% of Autoliv's shares, with notable recent changes in holdings by several funds, including significant increases by True Wealth Design LLC and others.
• For the latest quarter, Autoliv reported $2.21 EPS, surpassing estimates of $2.07, with revenue of $2.71 billion, showing a year-over-year increase of 4.2%.

Autoliv (NYSE:ALV - Get Free Report)'s stock had its "neutral" rating reiterated by equities research analysts at UBS Group in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $124.00 price target on the auto parts company's stock, up from their prior price target of $123.00. UBS Group's price objective points to a potential downside of 2.73% from the company's current price.

Several other brokerages have also recently issued reports on ALV. Wells Fargo & Company raised their target price 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. Robert W. Baird cut their price target on shares of Autoliv from $126.00 to $124.00 and set a "neutral" rating on the stock in a report on Monday, July 21st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Autoliv in a research note on Saturday, September 27th. Royal Bank Of Canada started coverage on shares of Autoliv in a report on Wednesday, June 25th. They set an "outperform" rating and a $133.00 target price for the company. Finally, Barclays restated an "overweight" rating and set a $135.00 price target (up previously from $105.00) on shares of Autoliv in a report on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, Autoliv currently has an average rating of "Moderate Buy" and an average price target of $125.09.

Autoliv Trading Down 0.4%

Shares of ALV opened at $127.48 on Tuesday. Autoliv has a fifty-two week low of $75.49 and a fifty-two week high of $129.54. The firm has a market cap of $9.79 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 1.33 and a beta of 1.33. The firm has a 50 day moving average price of $121.61 and a 200-day moving average price of $108.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 0.93.

Autoliv (NYSE:ALV - Get Free Report) last issued its earnings results on Friday, July 18th. The auto parts company reported $2.21 EPS for the quarter, topping analysts' consensus estimates of $2.07 by $0.14. The company had revenue of $2.71 billion for 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 firm's revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.87 EPS. As a group, equities research analysts forecast that Autoliv will post 9.51 earnings per share for the current year.

Hedge Funds Weigh In On Autoliv

A number of institutional investors and hedge funds have recently made changes to their positions in ALV. SouthState Corp bought a new stake in shares of Autoliv in the 1st quarter worth approximately $25,000. True Wealth Design LLC boosted its holdings in Autoliv by 1,892.3% in the second quarter. True Wealth Design LLC now owns 259 shares of the auto parts company's stock worth $29,000 after acquiring an additional 246 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Autoliv by 122.9% in the first quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company's stock worth $33,000 after acquiring an additional 204 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Autoliv by 103.5% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 348 shares of the auto parts company's stock worth $39,000 after acquiring an additional 177 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Autoliv in the 1st quarter worth about $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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.