Market Rating: Goldman Sachs: Time To Have Faith In Autoliv Inc (NYSE:ALV)

November 23, 2016 - By Peter Erickson

Market Rating:  Goldman Sachs: Time To Have Faith In Autoliv Inc (NYSE:ALV)

Autoliv Inc (NYSE:ALV) Upgrade

Autoliv Inc (NYSE:ALV) was upped by equity analysts at Goldman Sachs from a “Sell” rating to “Neutral” rating in a a research note issued on 23 November.

Autoliv Inc. (NYSE:ALV) Ratings Coverage

Out of 17 analysts covering Autoliv Inc (NYSE:ALV), 2 rate it a “Buy”, 8 “Sell”, while 7 “Hold”. This means 12% are positive. $138 is the highest target while $23 is the lowest. The $102.47 average target is 1.78% above today’s ($100.68) stock price. Autoliv Inc has been the topic of 34 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of Autoliv Inc. (NYSE:ALV) earned “Neutral” rating by Piper Jaffray on Friday, June 10. RBC Capital Markets maintained Autoliv Inc. (NYSE:ALV) rating on Monday, October 5. RBC Capital Markets has “Sector Perform” rating and $110 price target. The stock of Autoliv Inc. (NYSE:ALV) earned “Sector Perform” rating by RBC Capital Markets on Friday, September 25. On Friday, October 28 the stock rating was downgraded by Robert W. Baird to “Neutral”. The stock of Autoliv Inc. (NYSE:ALV) earned “Hold” rating by Deutsche Bank on Wednesday, October 14. The firm has “Market Perform” rating given on Thursday, September 17 by Wells Fargo. The firm earned “Underperform” rating on Monday, May 2 by RBC Capital Markets. On Monday, April 18 the stock rating was downgraded by Goldman Sachs to “Sell”. The stock of Autoliv Inc. (NYSE:ALV) earned “Sell” rating by Evercore on Monday, March 14. The company was maintained on Monday, October 26 by RBC Capital Markets.

About 383,943 shares traded hands. Autoliv Inc. (NYSE:ALV) has declined 9.99% since April 21, 2016 and is downtrending. It has underperformed by 15.32% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 0.86 in Q2 2016. Its down 0.18, from 1.04 in 2016Q1. The ratio worsened, as 27 funds sold all Autoliv Inc. shares owned while 72 reduced positions. 28 funds bought stakes while 75 increased positions. They now own 28.89 million shares or 7.24% less from 31.15 million shares in 2016Q1.

Commerzbank Aktiengesellschaft Fi holds 4,709 shares or 0% of its portfolio. Delta Lloyd Nv accumulated 0.02% or 6,440 shares. The Netherlands-based Pggm Invests has invested 0.14% in Autoliv Inc. (NYSE:ALV). Gulf International Bank & Trust (Uk) Limited has invested 0.05% of its portfolio in Autoliv Inc. (NYSE:ALV). Westpac Bk Corporation last reported 0% of its portfolio in the stock. Daiwa Group accumulated 2,150 shares or 0% of the stock. Condor Capital Mgmt holds 0.15% of its portfolio in Autoliv Inc. (NYSE:ALV) for 5,982 shares. Teacher Retirement System Of Texas accumulated 0% or 6,281 shares. Toronto Dominion Bancorporation reported 484 shares or 0% of all its holdings. Employees Retirement Association Of Colorado holds 14,837 shares or 0.01% of its portfolio. Price T Rowe Associate Inc Md has invested 0.02% of its portfolio in Autoliv Inc. (NYSE:ALV). The Illinois-based Keeley Asset Mngmt Corporation has invested 0.05% in Autoliv Inc. (NYSE:ALV). Principal, a Iowa-based fund reported 119,761 shares. Ladenburg Thalmann Fin Ser owns 1,087 shares or 0% of their US portfolio. Ls Ltd Liability accumulated 2,281 shares or 0.02% of the stock.

Autoliv, Inc. is a developer, manufacturer and supplier to the automotive industry of automotive safety systems. The company has a market cap of $9.12 billion. The Firm operates through two divisions: Passive Safety and Electronics. It has a 14.71 P/E ratio. Passive Safety segment includes airbags, seatbelts and steering wheels.

According to Zacks Investment Research, “Autoliv Inc. is a worldwide leader in automotive safety, a pioneer in both seatbelts and airbags, and a technology leader with the widest product offering for automotive safety. All the leading automobile manufacturers in the world are our customers.”

ALV Company Profile

Autoliv, Inc., incorporated on October 1, 1996, is a developer, maker and supplier to the automotive industry of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Firm operates through two divisions: Passive Safety and Electronics. Passive Safety segment includes airbags, seatbelts and steering wheels. Electronics segment includes active safety products, such as camera vision systems, night driving assist, automotive radars, brake controls and other active safety systems, and passive safety electronic products, such as restraint electronics and crash sensors. Passive safety systems are primarily meant to improve vehicle safety, and 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 passive safety electronic products, such as restraint electronics and crash sensors. Active safety systems are designed to make driving easier and comfortable and to intervene before a collision in order to make accidents avoidable or reduce the impact.

More important recent Autoliv Inc. (NYSE:ALV) news were published by: Fool.com which released: “Autoliv Inc. Tops Its Guidance” on October 27, 2016, also Seekingalpha.com published article titled: “Autoliv Inc.: Significant Upside With Strong Underlying Business Limiting The …”, Wsj.com published: “Takata Customers Back Rival Autoliv’s Takeover Plan” on November 16, 2016. More interesting news about Autoliv Inc. (NYSE:ALV) was released by: Reuters.com and their article: “Autoliv, Key Safety Systems preferred bidders for Takata: Bloomberg” with publication date: November 22, 2016.

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