Autoliv (NYSE:ALV) Raised to Sector Perform at Royal Bank of Canada

Autoliv (NYSE:ALV) was upgraded by stock analysts at Royal Bank of Canada from an “underperform” rating to a “sector perform” rating in a research note issued on Friday, December 20th, Marketbeat.com reports. The brokerage currently has a $88.00 price objective on the auto parts company’s stock, up from their previous price objective of $71.00. Royal Bank of Canada’s price target indicates a potential upside of 10.78% from the stock’s previous close.

Several other research firms also recently commented on ALV. DNB Markets raised shares of Autoliv from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Deutsche Bank raised shares of Autoliv from a “sell” rating to a “hold” rating and boosted their target price for the stock from $58.00 to $78.00 in a research report on Friday, October 4th. Evercore ISI started coverage on shares of Autoliv in a research report on Tuesday, November 12th. They issued a “hold” rating and a $70.00 target price for the company. Wolfe Research raised shares of Autoliv from an “underperform” rating to a “peer perform” rating in a research report on Friday, November 22nd. Finally, ValuEngine downgraded shares of Autoliv from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $74.20.

Autoliv stock traded up $1.10 during trading hours on Friday, hitting $79.44. The company had a trading volume of 1,576,720 shares, compared to its average volume of 616,736. The firm has a market capitalization of $6.99 billion, a P/E ratio of 11.63 and a beta of 1.50. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.26 and a quick ratio of 0.94. The firm’s fifty day moving average is $83.46 and its 200-day moving average is $76.72. Autoliv has a fifty-two week low of $61.07 and a fifty-two week high of $87.01.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its stake in shares of Autoliv by 1.6% in the 2nd 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 in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Autoliv by 0.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 52,082 shares of the auto parts company’s stock valued at $3,673,000 after buying an additional 213 shares in the last quarter. Comerica Bank raised its stake in shares of Autoliv by 4.9% in the 2nd quarter. Comerica Bank now owns 5,740 shares of the auto parts company’s stock valued at $401,000 after buying an additional 267 shares in the last quarter. IFM Investors Pty Ltd raised its stake in shares of Autoliv by 3.1% in the 4th quarter. IFM Investors Pty Ltd now owns 9,881 shares of the auto parts company’s stock valued at $834,000 after buying an additional 301 shares in the last quarter. Finally, Eagle Ridge Investment Management increased its position in shares of Autoliv by 0.5% during the 3rd quarter. Eagle Ridge Investment Management now owns 67,507 shares of the auto parts company’s stock worth $5,325,000 after purchasing an additional 361 shares in the last quarter. 39.05% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Autoliv (NYSE:ALV)

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