Autoliv, Inc. (ALV) Stock Rating Lowered by Zacks Investment Research

Autoliv, Inc. (NYSE:ALV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Autoliv’s third-quarter 2017 earnings per share and revenues came in higher than both the Zacks Consensus Estimates. Revenues improved year over year but earnings declined year over year. In September, Autoliv inked a deal to acquire certain assets of a Swedish based LiDAR specialist company. Also, innovative product launches, acquisitions and JVs are likely to boost its sales. Moreover, Autoliv has been witnessing a strong order intake. However, low organic sales growth expectation and stiff competition in passive safety products is a concern before it. Year to date, Autoliv has underperformed the industry it belongs to.”

Several other research analysts have also recently issued reports on ALV. Royal Bank Of Canada reaffirmed a “hold” rating and set a $98.00 price objective on shares of Autoliv in a research report on Thursday, July 6th. BidaskClub raised Autoliv from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Mizuho raised Autoliv from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $108.00 to $130.00 in a research report on Monday, July 17th. Bank of America Corporation lowered their price objective on Autoliv from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Tuesday, July 25th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $99.00 price objective on shares of Autoliv in a research report on Wednesday, July 26th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $113.45.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.14. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Autoliv had a return on equity of 13.42% and a net margin of 4.96%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 EPS.

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A number of institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of Autoliv by 9.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock worth $210,000 after buying an additional 171 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Autoliv by 20.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 14,626 shares of the auto parts company’s stock worth $1,606,000 after buying an additional 2,488 shares in the last quarter. Freestone Capital Holdings LLC raised its stake in shares of Autoliv by 17.0% during the 2nd quarter. Freestone Capital Holdings LLC now owns 34,184 shares of the auto parts company’s stock worth $3,753,000 after buying an additional 4,979 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Autoliv by 915.3% during the 2nd quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the auto parts company’s stock worth $244,927,000 after buying an additional 2,010,970 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Autoliv by 56.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 16,800 shares of the auto parts company’s stock worth $1,845,000 after buying an additional 6,046 shares in the last quarter. 32.59% of the stock is owned by institutional investors.

About Autoliv

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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