Autoliv, Inc. (ALV) Receives “Buy” Rating from KeyCorp

Autoliv, Inc. (NYSE:ALV)‘s stock had its “buy” rating reaffirmed by stock analysts at KeyCorp in a research note issued on Monday, November 6th. They presently have a $146.00 price target on the auto parts company’s stock, up from their previous price target of $136.00. KeyCorp’s target price would suggest a potential upside of 17.53% from the stock’s previous close. KeyCorp also issued estimates for Autoliv’s Q4 2017 earnings at $1.77 EPS, FY2017 earnings at $6.31 EPS, Q1 2018 earnings at $1.95 EPS, Q2 2018 earnings at $1.84 EPS, Q3 2018 earnings at $1.74 EPS, Q4 2018 earnings at $1.88 EPS, FY2018 earnings at $7.41 EPS and FY2019 earnings at $8.56 EPS.

A number of other brokerages have also weighed in on ALV. Mizuho raised their target price on Autoliv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 15th. Zacks Investment Research upgraded Autoliv from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Wednesday, November 1st. Piper Jaffray Companies set a $99.00 target price on Autoliv and gave the company a “hold” rating in a research note on Monday, October 16th. Bank of America Corporation lowered their target price on Autoliv from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Tuesday, July 25th. Finally, Jefferies Group LLC set a $145.00 target price on Autoliv and gave the company a “buy” rating in a research note on Thursday, October 26th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $109.23.

Autoliv (NYSE:ALV) traded up $0.27 during trading on Monday, reaching $124.22. The company’s stock had a trading volume of 133,579 shares, compared to its average volume of 470,180. The company has a quick ratio of 1.23, a current ratio of 1.55 and a debt-to-equity ratio of 0.31. Autoliv has a 1 year low of $96.08 and a 1 year high of $127.75. The firm has a market capitalization of $10,820.00, a price-to-earnings ratio of 19.77, a P/E/G ratio of 2.41 and a beta of 1.10.

Autoliv (NYSE:ALV) last announced its earnings results on Thursday, October 26th. The auto parts company reported $1.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.14. Autoliv had a return on equity of 13.42% and a net margin of 4.96%. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the company posted $1.63 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. sell-side analysts forecast that Autoliv will post 6.27 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in Autoliv by 2,592.0% during the first quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock worth $277,583,000 after buying an additional 2,613,635 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Autoliv by 915.3% during the second 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 during the last quarter. FMR LLC boosted its holdings in Autoliv by 7.3% during the second quarter. FMR LLC now owns 1,821,095 shares of the auto parts company’s stock worth $199,956,000 after buying an additional 123,781 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Autoliv by 1.8% during the second quarter. Vanguard Group Inc. now owns 1,400,499 shares of the auto parts company’s stock worth $153,774,000 after buying an additional 24,364 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Autoliv by 6.4% during the third quarter. Dimensional Fund Advisors LP now owns 865,594 shares of the auto parts company’s stock worth $106,986,000 after buying an additional 52,231 shares during the last quarter. Hedge funds and other institutional investors own 32.71% of the company’s stock.

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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.

Analyst Recommendations for Autoliv (NYSE:ALV)

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