Rating On Watch: Autoliv (NYSE:ALV) Gains a Vote of Confidence From Goldman Sachs. What to Expect?

November 23, 2016 - By Winifred Garcia

Rating On Watch:  Autoliv (NYSE:ALV) Gains a Vote of Confidence From Goldman Sachs. What to Expect?

Autoliv (NYSE:ALV) Upgrade

New York-listed Autoliv (NYSE:ALV), was increased by analysts at Goldman Sachs. Goldman Sachs increased its rating on the $9.12B market cap company to a Neutral from a previous Sell, but maintained its TP of $95.00 on ALV shares.

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 1.80% above today’s ($100.66) stock price. Autoliv Inc has been the topic of 34 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Bank of America given on Wednesday, July 22. The firm earned “Sector Perform” rating on Monday, October 5 by RBC Capital Markets. Bank of America downgraded Autoliv Inc. (NYSE:ALV) on Thursday, December 10 to “Underperform” rating. Deutsche Bank maintained Autoliv Inc. (NYSE:ALV) rating on Wednesday, October 14. Deutsche Bank has “Hold” rating and $105 price target. The firm has “Sell” rating by Evercore given on Monday, March 14. RBC Capital Markets maintained Autoliv Inc. (NYSE:ALV) rating on Wednesday, December 9. RBC Capital Markets has “Sector Perform” rating and $125 price target. The firm has “Hold” rating given on Monday, October 5 by Deutsche Bank. The stock of Autoliv Inc. (NYSE:ALV) earned “Market Perform” rating by Wells Fargo on Thursday, September 17. RBC Capital Markets upgraded the shares of ALV in a report on Friday, September 25 to “Sector Perform” rating. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, September 29.

About 355,352 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 2016 Q2. Its down 0.18, from 1.04 in 2016Q1. The ratio fall, 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.

Sei Invests owns 3,636 shares or 0% of their US portfolio. Bluecrest Cap Management Ltd owns 1,868 shares or 0.01% of their US portfolio. Moreover, Wedge Mgmt L Lp Nc has 0.18% invested in Autoliv Inc. (NYSE:ALV) for 165,358 shares. The California-based Franklin has invested 0% in Autoliv Inc. (NYSE:ALV). Old Mutual Customised Solutions (Proprietary) Ltd holds 0.06% or 2,300 shares in its portfolio. Sumitomo Mitsui Tru Holdg holds 0.05% or 251,300 shares in its portfolio. Retail Bank Of America Corporation De accumulated 141,005 shares or 0% of the stock. Tdam Usa accumulated 2,000 shares or 0.01% of the stock. British Columbia Inv Corp holds 63,755 shares or 0.06% of its portfolio. Hm Payson & has invested 0.02% of its portfolio in Autoliv Inc. (NYSE:ALV). Coastline Trust has invested 0.35% of its portfolio in Autoliv Inc. (NYSE:ALV). Highland Management Limited Liability Company last reported 0.04% of its portfolio in the stock. Ftb has invested 0% of its portfolio in Autoliv Inc. (NYSE:ALV). Raymond James Assocs accumulated 19,995 shares or 0.01% of the stock. Clinton accumulated 0.35% or 74,617 shares.

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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