Morgan Stanley Upgrades Autoliv (NYSE:ALV) to “Equal Weight”

Autoliv (NYSE:ALV) was upgraded by investment analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a report released on Friday, Price Targets.com reports. The firm presently has a $85.00 price target on the auto parts company’s stock. Morgan Stanley’s target price would indicate a potential downside of 4.23% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company reduced their price target on Autoliv from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, September 10th. Deutsche Bank Aktiengesellschaft reduced their price target on Autoliv from $101.00 to $96.00 and set a “hold” rating for the company in a report on Monday, July 19th. Kepler Capital Markets cut Autoliv to a “hold” rating and set a $104.00 price target for the company. in a report on Friday, July 2nd. BNP Paribas cut Autoliv from a “neutral” rating to an “underperform” rating and set a $87.00 target price for the company. in a report on Thursday, September 16th. Finally, Barclays reduced their target price on Autoliv from $105.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, July 7th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $96.31.

Shares of ALV stock opened at $88.75 on Friday. The stock has a market cap of $7.76 billion, a PE ratio of 14.20 and a beta of 1.84. The business has a 50-day simple moving average of $91.86 and a 200-day simple moving average of $96.40. The company has a quick ratio of 1.02, a current ratio of 1.33 and a debt-to-equity ratio of 0.65. Autoliv has a 52-week low of $68.49 and a 52-week high of $108.76.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Thursday, July 15th. The auto parts company reported $1.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.18). The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.04 billion. Autoliv had a net margin of 6.21% and a return on equity of 24.12%. The business’s quarterly revenue was up 92.9% compared to the same quarter last year. During the same period last year, the firm earned ($1.40) EPS. Sell-side analysts anticipate that Autoliv will post 6.12 earnings per share for the current fiscal year.

In related news, insider Frithjof Oldorff sold 1,406 shares of the stock in a transaction that occurred on Thursday, September 2nd. The stock was sold at an average price of $88.05, for a total value of $123,798.30. Following the completion of the transaction, the insider now directly owns 3,465 shares in the company, valued at $305,093.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Alpha Paradigm Partners LLC purchased a new position in Autoliv in the first quarter worth approximately $54,000. Captrust Financial Advisors purchased a new position in shares of Autoliv during the first quarter worth $57,000. Advisory Services Network LLC purchased a new position in shares of Autoliv during the second quarter worth $65,000. Clearstead Advisors LLC purchased a new position in shares of Autoliv during the second quarter worth $81,000. Finally, Schroder Investment Management Group purchased a new position in shares of Autoliv during the first quarter worth $104,000. Institutional investors own 36.76% of the company’s stock.

Autoliv Company Profile

Autoliv, Inc engages in the development, manufacture, and supply of automotive safety systems. It operates through the Passive Safety and Electronics segment. The Passive Safety segment includes airbags, seatbelts, steering wheels, and restrain electronics. The Electronics segment comprises of restraint control systems, brake control systems and active safety.

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Analyst Recommendations for Autoliv (NYSE:ALV)

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