Autoliv (NYSE:ALV) Lowered to Hold Rating by Hsbc Global Res

Autoliv (NYSE:ALV) was downgraded by research analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

ALV has been the topic of several other research reports. HSBC downgraded Autoliv from a “buy” rating to a “hold” rating and dropped their price target for the company from $109.00 to $100.00 in a research note on Tuesday. Robert W. Baird boosted their price objective on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Daiwa Capital Markets raised Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price objective for the company in a report on Tuesday, January 7th. Daiwa America raised Autoliv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, Mizuho decreased their price objective on Autoliv from $115.00 to $112.00 and set an “outperform” rating for the company in a report on Monday. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $117.23.

Autoliv Stock Up 0.3 %

Autoliv stock opened at $94.24 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. The business’s 50-day simple moving average is $96.38 and its two-hundred day simple moving average is $96.75. The company has a market cap of $7.32 billion, a PE ratio of 11.68, a PEG ratio of 0.72 and a beta of 1.58. Autoliv has a fifty-two week low of $89.51 and a fifty-two week high of $129.38.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. Equities analysts anticipate that Autoliv will post 10.05 EPS for the current year.

Hedge Funds Weigh In On Autoliv

A number of hedge funds have recently made changes to their positions in ALV. Truist Financial Corp raised its holdings 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 valued at $335,000 after acquiring an additional 380 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Autoliv during the second quarter valued at approximately $402,000. SG Americas Securities LLC raised its holdings in shares of Autoliv by 22.9% during the third quarter. SG Americas Securities LLC now owns 4,235 shares of the auto parts company’s stock valued at $395,000 after acquiring an additional 789 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Autoliv by 35.7% during the third quarter. Handelsbanken Fonder AB now owns 21,300 shares of the auto parts company’s stock valued at $1,989,000 after acquiring an additional 5,600 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in shares of Autoliv by 12.0% during the third quarter. Wedge Capital Management L L P NC now owns 119,972 shares of the auto parts company’s stock valued at $11,202,000 after acquiring an additional 12,900 shares during the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

About Autoliv

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.