KeyCorp upgraded shares of Autoliv, Inc. (NYSE:ALV) from a sector weight rating to an overweight rating in a research report report published on Wednesday. The brokerage currently has $120.00 price target on the stock.
ALV has been the subject of several other reports. Jefferies Group LLC lowered Autoliv from a buy rating to a hold rating and set a $120.00 price target for the company. in a research report on Thursday, January 19th. They noted that the move was a valuation call. BMO Capital Markets began coverage on Autoliv in a report on Tuesday, December 20th. They issued an outperform rating and a $131.00 target price for the company. Evercore ISI reiterated a sell rating and issued a $90.00 target price on shares of Autoliv in a report on Monday, February 6th. RBC Capital Markets reiterated an underperform rating and issued a $94.00 target price (down from $101.00) on shares of Autoliv in a report on Friday, February 3rd. Finally, Zacks Investment Research lowered Autoliv from a buy rating to a hold rating in a report on Friday, October 21st. Six research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $104.76.
Autoliv (NYSE:ALV) opened at 105.04 on Wednesday. Autoliv has a 12 month low of $93.31 and a 12 month high of $126.31. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 16.36 and a beta of 1.17. The company’s 50-day moving average price is $111.83 and its 200 day moving average price is $105.88.
Autoliv (NYSE:ALV) last released its quarterly earnings results on Thursday, February 2nd. The company reported $1.71 EPS for the quarter, missing the consensus estimate of $1.84 by $0.13. Autoliv had a return on equity of 14.99% and a net margin of 5.59%. The firm had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the prior year, the business earned $2.08 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts predict that Autoliv will post $6.62 EPS for the current year.
A number of institutional investors have recently modified their holdings of ALV. Pacer Advisors Inc. boosted its position in shares of Autoliv by 7.6% in the third quarter. Pacer Advisors Inc. now owns 1,754 shares of the company’s stock valued at $187,000 after buying an additional 124 shares during the period. Reilly Herbert Faulkner III bought a new position in shares of Autoliv during the second quarter valued at about $224,000. Princeton Alpha Management LP bought a new position in shares of Autoliv during the third quarter valued at about $233,000. Rothschild Investment Corp IL boosted its position in shares of Autoliv by 8.0% in the third quarter. Rothschild Investment Corp IL now owns 2,700 shares of the company’s stock valued at $288,000 after buying an additional 200 shares during the period. Finally, Eqis Capital Management Inc. boosted its position in shares of Autoliv by 48.4% in the third quarter. Eqis Capital Management Inc. now owns 2,864 shares of the company’s stock valued at $306,000 after buying an additional 934 shares during the period. Hedge funds and other institutional investors own 32.01% of the company’s stock.
Autoliv, Inc is a developer, manufacturer and supplier to the automotive industry of automotive safety systems. The Company operates through two segments: Passive Safety and Electronics. Passive Safety segment includes airbags, seatbelts and steering wheels. Electronics segment includes active safety products, such as camera-based vision systems, night driving assist, automotive radars, brake controls and other active safety systems, and passive safety electronic products, such as restraint electronics and crash sensors.
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