Autoliv (NYSE:ALV) Earns “Peer Perform” Rating from Wolfe Research

Autoliv (NYSE:ALV)‘s stock had its “peer perform” rating reissued by research analysts at Wolfe Research in a report released on Wednesday, Marketbeat Ratings reports.

ALV has been the topic of a number of other research reports. Wall Street Zen downgraded Autoliv from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Royal Bank Of Canada decreased their price objective on Autoliv from $148.00 to $147.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Jefferies Financial Group set a $119.00 price objective on Autoliv in a report on Tuesday. Weiss Ratings lowered Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, July 20th. Finally, UBS Group raised their target price on Autoliv from $110.00 to $122.00 and gave the stock a “neutral” rating in a report on Monday, June 15th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $134.79.

Autoliv Stock Up 1.0%

Shares of NYSE ALV opened at $118.91 on Wednesday. Autoliv has a 1 year low of $99.16 and a 1 year high of $132.17. The firm’s 50-day moving average is $121.26 and its 200-day moving average is $117.80. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $8.71 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 0.94 and a beta of 1.36.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.03). Autoliv had a return on equity of 29.36% and a net margin of 5.79%.The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period last year, the firm earned $2.21 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts expect that Autoliv will post 10.04 EPS for the current year.

Institutional Trading of Autoliv

Several hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP grew its stake in Autoliv by 298.8% in the fourth quarter. Allworth Financial LP now owns 327 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 245 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Autoliv during the second quarter worth about $60,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Autoliv during the second quarter worth about $62,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Autoliv during the second quarter worth about $69,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Autoliv during the 2nd quarter valued at about $78,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

About Autoliv

Autoliv, Inc is a global supplier of automotive safety systems. The company develops and manufactures products designed to help protect vehicle occupants and other road users, including airbags, seat belts, steering wheels, restraint systems and pedestrian-protection solutions.

Autoliv supplies automotive manufacturers and operates across major vehicle-producing regions, including Europe, the Americas and Asia. Its products are incorporated into vehicles produced by automakers worldwide, and the company works with vehicle manufacturers to develop safety systems for passenger cars and other vehicles.

The company’s roots trace to Sweden in 1953, and it has grown into an international automotive-safety business through organic development and acquisitions.