ValuEngine Downgrades Autoliv, Inc. (ALV) to Hold
Autoliv, Inc. (NYSE:ALV) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.
A number of other equities analysts also recently commented on ALV. Wells Fargo & Company reiterated an “outperform” rating and issued a $110.50 target price on shares of Autoliv in a report on Wednesday, June 28th. BidaskClub upgraded shares of Autoliv from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Royal Bank Of Canada restated a “hold” rating and issued a $98.00 price target on shares of Autoliv in a report on Thursday, July 6th. CLSA assumed coverage on shares of Autoliv in a research report on Thursday, June 22nd. They issued a “hold” rating and a $102.00 price objective on the stock. Finally, Citigroup Inc. lifted their price objective on shares of Autoliv from $105.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, September 15th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the stock. Autoliv currently has a consensus rating of “Hold” and a consensus price target of $112.29.
Shares of Autoliv (NYSE ALV) opened at 123.99 on Monday. Autoliv has a 1-year low of $93.31 and a 1-year high of $127.72. The stock has a market capitalization of $10.78 billion, a PE ratio of 19.59 and a beta of 1.14. The stock has a 50 day moving average price of $114.45 and a 200-day moving average price of $108.63.
Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, July 21st. The auto parts company reported $1.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.04). The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.57 billion. Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The company’s revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.75 earnings per share. On average, analysts forecast that Autoliv will post $6.23 earnings per share for the current year.
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In related news, VP Thomas Jonsson sold 1,240 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total transaction of $134,602.00. Following the completion of the transaction, the vice president now owns 2,311 shares of the company’s stock, valued at $250,859.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.25% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its position in Autoliv by 10.3% during the 1st quarter. Russell Investments Group Ltd. now owns 10,754 shares of the auto parts company’s stock worth $1,100,000 after purchasing an additional 1,007 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of Autoliv by 4.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 9,627 shares of the auto parts company’s stock valued at $984,000 after buying an additional 400 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Autoliv by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 195,818 shares of the auto parts company’s stock valued at $20,025,000 after buying an additional 1,410 shares during the last quarter. Comerica Bank raised its stake in shares of Autoliv by 1.5% during the 1st quarter. Comerica Bank now owns 5,228 shares of the auto parts company’s stock valued at $558,000 after buying an additional 78 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Autoliv by 11.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 226,219 shares of the auto parts company’s stock valued at $23,133,000 after buying an additional 23,998 shares during the last quarter. 32.76% of the stock is currently owned by institutional investors.
Autoliv Company Profile
Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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