Autoliv (NYSE:ALV) Stock Rating Reaffirmed by UBS Group

Autoliv (NYSE:ALV)‘s stock had its “buy” rating reaffirmed by research analysts at UBS Group in a note issued to investors on Friday, Stock Target Advisor reports. They presently have a $230.00 price objective on the auto parts company’s stock. UBS Group’s price target indicates a potential upside of 166.48% from the stock’s previous close.

ALV has been the subject of several other reports. Royal Bank of Canada reaffirmed a “sell” rating and set a $200.00 price objective on shares of Autoliv in a research note on Friday. Robert W. Baird raised shares of Autoliv from an “underperform” rating to a “neutral” rating and set a $74.00 price objective for the company in a research note on Monday, July 15th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $225.00 price objective on shares of Autoliv in a research note on Friday. Mizuho raised shares of Autoliv from a “neutral” rating to a “buy” rating and upped their price objective for the company from $80.00 to $91.00 in a research note on Tuesday, November 5th. Finally, Barclays reiterated a “buy” rating and set a $228.00 price target on shares of Autoliv in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $148.92.

Shares of NYSE:ALV traded up $0.36 during midday trading on Friday, hitting $86.31. 184,192 shares of the stock traded hands, compared to its average volume of 613,501. The stock has a market capitalization of $7.38 billion, a PE ratio of 12.64, a P/E/G ratio of 1.92 and a beta of 1.50. The business’s 50 day moving average is $79.35 and its two-hundred day moving average is $72.65. The company has a quick ratio of 0.94, a current ratio of 1.26 and a debt-to-equity ratio of 0.97. Autoliv has a one year low of $61.07 and a one year high of $91.00.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, October 25th. The auto parts company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.08). The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.05 billion. Autoliv had a net margin of 2.51% and a return on equity of 23.42%. The business’s revenue was down .2% on a year-over-year basis. During the same period last year, the company posted $1.35 earnings per share. As a group, sell-side analysts forecast that Autoliv will post 5.65 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its position in shares of Autoliv by 1.6% during the second quarter. Janney Montgomery Scott LLC now owns 8,988 shares of the auto parts company’s stock valued at $634,000 after buying an additional 144 shares during the period. World Asset Management Inc grew its holdings in Autoliv by 4.5% in the second quarter. World Asset Management Inc now owns 3,802 shares of the auto parts company’s stock worth $268,000 after purchasing an additional 163 shares during the period. Empirical Finance LLC grew its holdings in Autoliv by 1.1% in the second quarter. Empirical Finance LLC now owns 15,798 shares of the auto parts company’s stock worth $1,114,000 after purchasing an additional 175 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Autoliv by 0.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 52,082 shares of the auto parts company’s stock worth $3,673,000 after purchasing an additional 213 shares during the period. Finally, Comerica Bank grew its holdings in Autoliv by 4.9% in the second quarter. Comerica Bank now owns 5,740 shares of the auto parts company’s stock worth $401,000 after purchasing an additional 267 shares during the period. Institutional investors own 37.88% of the company’s stock.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.

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