Market Rating: Is It Finally Time? Jefferies Starts Coverage On Autoliv (ALV) with $112.0 Price Target

November 29, 2016 - By Vivian Park

Market Rating: Is It Finally Time? Jefferies Starts Coverage On Autoliv (ALV) with $112.0 Price Target

Why Jefferies Gives Autoliv (ALV) $112.0 Price Target

In a a research report sent to investors on Tuesday, 29 November, analysts at Jefferies initiated coverage on shares of Autoliv (ALV). The firm set a Buy rating with $112.0, giving 8.82% to target.

Autoliv Inc. (NYSE:ALV) Ratings Coverage

Out of 2 analysts covering Autoliv (ALV), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Autoliv has been the topic of 2 analyst reports since October 28, 2016 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Goldman Sachs on Wednesday, November 23. The company was downgraded on Friday, October 28 by Robert W. Baird.

About 89,950 shares traded hands. Autoliv Inc. (ALV) has declined 10.03% since April 26, 2016 and is downtrending. It has underperformed by 15.29% the S&P500.

Analysts await Autoliv Inc. (NYSE:ALV) to report earnings on February, 3. They expect $1.82 EPS, down 12.50% or $0.26 from last year’s $2.08 per share. ALV’s profit will be $161.46M for 14.23 P/E if the $1.82 EPS becomes a reality. After $1.63 actual EPS reported by Autoliv Inc. for the previous quarter, Wall Street now forecasts 11.66% EPS growth.

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.

Credit Agricole S A accumulated 20,217 shares or 0.01% of the stock. Regentatlantic Cap Ltd accumulated 3,120 shares or 0.03% of the stock. Blair William & Il has 8,268 shares for 0.01% of their US portfolio. Deere And accumulated 10,285 shares or 0.06% of the stock. Great West Life Assurance Co Can holds 0.02% or 53,288 shares in its portfolio. Comerica Fincl Bank accumulated 0% or 5,331 shares. Kanaly holds 101 shares or 0% of its portfolio. Tokio Marine Asset Limited last reported 0.04% of its portfolio in the stock. Manufacturers Life Insur The has 0% invested in the company for 3,132 shares. Moreover, Glg Lc has 0.04% invested in Autoliv Inc. (NYSE:ALV) for 5,189 shares. Mufg Americas has 2,795 shares for 0.01% of their US portfolio. Blackrock Ltd has invested 0.03% of its portfolio in Autoliv Inc. (NYSE:ALV). Moreover, Gateway Invest Advisers Ltd Llc has 0.09% invested in Autoliv Inc. (NYSE:ALV) for 93,634 shares. Mackenzie Financial Corporation last reported 3,353 shares in the company. Klingenstein Fields And Ltd Liability Co accumulated 2,148 shares or 0.01% 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 $9.19 billion. The Firm operates through two divisions: Passive Safety and Electronics. It has a 15.14 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 notable recent Autoliv Inc. (NYSE:ALV) news were published by: Streetinsider.com which released: “Jefferies Starts Autoliv, Inc. (ALV) at Buy” on November 29, 2016, also Fool.com with their article: “Autoliv Inc. Tops Its Guidance” published on October 27, 2016, Fool.com published: “Autoliv Inc.’s Organic Growth Underwhelms” on July 22, 2016. More interesting news about Autoliv Inc. (NYSE:ALV) were released by: Seekingalpha.com and their article: “Autoliv Inc.: Significant Upside With Strong Underlying Business Limiting The …” published on November 15, 2016 as well as Bloomberg.com‘s news article titled: “Takata Narrows Buyer Bids to Autoliv, Key Safety Systems” with publication date: November 21, 2016.

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