Evercore ISI assumed coverage on shares of Autoliv (NYSE:ALV) in a research note issued to investors on Tuesday, November 12th, AnalystRatings.com reports. The brokerage issued a hold rating and a $70.00 target price on the auto parts company’s stock.
A number of other analysts have also recently commented on ALV. Buckingham Research reduced their price target on Autoliv from $70.00 to $62.00 and set a neutral rating for the company in a research report on Monday, July 15th. Royal Bank of Canada dropped their price objective on Autoliv from $63.00 to $61.00 and set an underperform rating for the company in a research note on Monday, July 22nd. Nordea Equity Research raised Autoliv from a hold rating to a buy rating in a research note on Monday, July 22nd. Mizuho raised Autoliv from a neutral rating to a buy rating and upped their price objective for the stock from $80.00 to $91.00 in a research note on Tuesday, November 5th. Finally, Deutsche Bank raised Autoliv from a sell rating to a hold rating and upped their price objective for the stock from $58.00 to $78.00 in a research note on Friday, October 4th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $75.87.
Shares of Autoliv stock traded down $1.19 on Tuesday, reaching $81.72. 218,373 shares of the company’s stock were exchanged, compared to its average volume of 346,732. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.94 and a current ratio of 1.26. The company has a market capitalization of $7.23 billion, a P/E ratio of 11.96 and a beta of 1.50. Autoliv has a 52 week low of $61.07 and a 52 week high of $90.28. The firm’s 50-day moving average is $81.60 and its two-hundred day moving average is $72.95.
Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, October 25th. The auto parts company reported $1.30 EPS for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.08). The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Autoliv had a return on equity of 23.42% and a net margin of 2.51%. Autoliv’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the firm earned $1.35 earnings per share. On average, analysts expect that Autoliv will post 5.59 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. bought a new stake in Autoliv in the second quarter worth approximately $30,000. Financial Gravity Wealth Inc. boosted its stake in Autoliv by 495.4% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 774 shares of the auto parts company’s stock worth $55,000 after acquiring an additional 644 shares during the last quarter. HM Payson & Co. acquired a new stake in Autoliv during the 2nd quarter worth approximately $143,000. Mirova acquired a new stake in Autoliv during the 2nd quarter worth approximately $160,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in Autoliv during the 2nd quarter worth approximately $176,000. 39.06% of the stock is owned by institutional investors and hedge funds.
Autoliv Company Profile
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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