Autoliv (NYSE:ALV) Now Covered by Evercore ISI

Analysts at Evercore ISI began coverage on shares of Autoliv (NYSE:ALV) in a research note issued on Tuesday, AnalystRatings.com reports. The firm set a “hold” rating and a $70.00 price target on the auto parts company’s stock. Evercore ISI’s price target indicates a potential downside of 17.46% from the company’s current price.

A number of other equities analysts have also recently issued reports on ALV. JPMorgan Chase & Co. reissued a “buy” rating and issued a $234.00 target price on shares of Autoliv in a report on Friday. Goldman Sachs Group reissued a “neutral” rating and issued a $225.00 target price on shares of Autoliv in a report on Friday. Royal Bank of Canada reissued a “sell” rating and issued a $200.00 target price on shares of Autoliv in a report on Friday. ValuEngine cut shares of Autoliv from a “hold” rating to a “sell” rating in a report on Monday. Finally, UBS Group reissued a “buy” rating and issued a $230.00 target price on shares of Autoliv in a report on Friday. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. Autoliv presently has a consensus rating of “Hold” and a consensus target price of $143.29.

NYSE:ALV traded down $0.12 during mid-day trading on Tuesday, reaching $84.81. The stock had a trading volume of 71,392 shares, compared to its average volume of 549,357. 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 stock’s 50 day simple moving average is $79.68 and its two-hundred day simple moving average is $72.65. Autoliv has a 1-year low of $61.07 and a 1-year high of $91.00. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.96 and a beta of 1.50.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, October 25th. The auto parts company reported $1.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.08). Autoliv had a return on equity of 23.42% and a net margin of 2.51%. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the business earned $1.35 EPS. The business’s revenue was down .2% on a year-over-year basis. Sell-side analysts anticipate that Autoliv will post 5.63 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALV. Vanguard Group Inc. raised its holdings in Autoliv by 11.4% during the second quarter. Vanguard Group Inc. now owns 2,441,464 shares of the auto parts company’s stock worth $172,147,000 after purchasing an additional 250,137 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Autoliv by 6,413.1% during the second quarter. JPMorgan Chase & Co. now owns 121,599 shares of the auto parts company’s stock worth $8,573,000 after purchasing an additional 119,732 shares in the last quarter. Bank of America Corp DE raised its holdings in Autoliv by 42.3% during the second quarter. Bank of America Corp DE now owns 254,669 shares of the auto parts company’s stock worth $17,956,000 after purchasing an additional 75,737 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in Autoliv during the third quarter worth approximately $5,411,000. Finally, Gateway Investment Advisers LLC raised its holdings in Autoliv by 126.7% during the second quarter. Gateway Investment Advisers LLC now owns 107,204 shares of the auto parts company’s stock worth $7,559,000 after purchasing an additional 59,922 shares in the last quarter. 37.87% of the stock is currently owned by institutional investors.

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.

See Also: What is the significance of the death cross?

Analyst Recommendations for Autoliv (NYSE:ALV)

Receive News & Ratings for Autoliv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autoliv and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit