Rating Worth Mentioning Today: Goldman Gives Autoliv (NYSE:ALV) Higher Rating. What Is Next?

November 23, 2016 - By Richard Conner

Rating Worth Mentioning Today:  Goldman Gives Autoliv (NYSE:ALV) Higher Rating. What Is Next?

Autoliv (NYSE:ALV) Upgrade

Autoliv (NYSE:ALV)‘s stock was raised to “Neutral” by investment analysts at Goldman. ALV’s “Sell” rating is no longer valid.

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 1.85% above today’s ($100.61) stock price. Autoliv Inc has been the topic of 34 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, September 17 by Wells Fargo. On Friday, October 28 the stock rating was downgraded by Robert W. Baird to “Neutral”. As per Monday, October 26, the company rating was maintained by RBC Capital Markets. The stock of Autoliv Inc. (NYSE:ALV) has “Outperform” rating given on Friday, July 31 by Credit Suisse. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, October 5. The stock of Autoliv Inc. (NYSE:ALV) has “Market Perform” rating given on Monday, September 21 by Wells Fargo. The rating was downgraded by Pareto Securities on Wednesday, September 2 to “Sell”. Goldman Sachs downgraded the shares of ALV in a report on Monday, April 18 to “Sell” rating. Bank of America downgraded it to “Neutral” rating and $23 target price in Wednesday, July 22 report. Evercore downgraded it to “Sell” rating and $105 target price in Monday, March 14 report.

About 277,101 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 dropped, 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.

Millennium Management Ltd Com last reported 0.01% of its portfolio in the stock. Commonwealth Retail Bank Of Aus holds 6,740 shares or 0.01% of its portfolio. Envestnet Asset reported 6,134 shares or 0% of all its holdings. Blackrock Institutional Trust Na holds 1.54 million shares or 0.03% of its portfolio. Johnson Grp last reported 100 shares in the company. Us National Bank & Trust De holds 0% or 10,135 shares in its portfolio. Oppenheimer reported 3,343 shares or 0.01% of all its holdings. Moreover, State Of Wisconsin Investment Board has 0.01% invested in Autoliv Inc. (NYSE:ALV) for 21,100 shares. Keeley Asset Mngmt last reported 11,440 shares in the company. National Bank Of Montreal Can last reported 13,685 shares in the company. Dynamic Capital Mgmt Ltd accumulated 3,033 shares or 0.04% of the stock. Ativo Capital Ltd Llc accumulated 0.52% or 19,819 shares. Blackrock has 84,391 shares for 0.01% of their US portfolio. Susquehanna Gp Llp holds 41,941 shares or 0% of its portfolio. Fifth Third Comml Bank, a Ohio-based fund reported 20 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 14.7 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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