Deutsche Bank Aktiengesellschaft Reaffirms Buy Rating for Autoliv (NYSE:ALV)

Autoliv (NYSE:ALV)‘s stock had its “buy” rating reissued by investment analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $116.00 price objective on the auto parts company’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 19.22% from the company’s current price.

A number of other analysts have also weighed in on ALV. Citigroup reduced their target price on Autoliv from $119.00 to $108.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Robert W. Baird decreased their price objective on shares of Autoliv from $128.00 to $111.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Wolfe Research began coverage on shares of Autoliv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price objective for the company. HSBC assumed coverage on shares of Autoliv in a research report on Monday, July 15th. They set a “buy” rating and a $134.00 target price on the stock. Finally, Wells Fargo & Company decreased their price target on shares of Autoliv from $122.00 to $103.00 and set an “equal weight” rating for the company in a research note on Monday, July 22nd. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.79.

Autoliv Stock Performance

Shares of NYSE:ALV opened at $97.30 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67. Autoliv has a 12 month low of $89.37 and a 12 month high of $129.38. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 0.79 and a beta of 1.60. The firm’s 50-day moving average is $101.32 and its 200 day moving average is $112.59.

Autoliv (NYSE:ALV) last released its earnings results on Friday, July 19th. The auto parts company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the company posted $1.93 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. Research analysts predict that Autoliv will post 9.05 EPS for the current year.

Institutional Trading of Autoliv

Hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC bought a new position in shares of Autoliv during the 2nd quarter worth approximately $402,000. Dana Investment Advisors Inc. grew its holdings in Autoliv by 6.2% in the second quarter. Dana Investment Advisors Inc. now owns 73,481 shares of the auto parts company’s stock worth $7,862,000 after purchasing an additional 4,319 shares during the last quarter. Truist Financial Corp increased its position in shares of Autoliv by 13.8% during the second quarter. Truist Financial Corp now owns 3,133 shares of the auto parts company’s stock worth $335,000 after purchasing an additional 380 shares in the last quarter. Quarry LP lifted its holdings in shares of Autoliv by 133.5% during the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 207 shares during the last quarter. Finally, Algert Global LLC boosted its position in shares of Autoliv by 5.7% in the 2nd quarter. Algert Global LLC now owns 57,219 shares of the auto parts company’s stock worth $6,122,000 after purchasing an additional 3,086 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.