November 29, 2016 - By Darrin Black
Equity research analysts at Jefferies began coverage on shares of Autoliv (NYSE:ALV) in a a note shared with investors on 29 November. The financial firm set a Buy rating on the stock. Jefferies’s price target of $112 suggests potential of 8.08% from the stock’s close price.
Out of 17 analysts covering Autoliv Inc (NYSE:ALV), 2 rate it a “Buy”, 7 “Sell”, while 8 “Hold”. This means 12% are positive. $138 is the highest target while $23 is the lowest. The $102.47 average target is -1.12% below today’s ($103.63) stock price. Autoliv Inc has been the topic of 35 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Credit Suisse on Friday, July 31. The rating was downgraded by Bank of America on Thursday, December 10 to “Underperform”. Piper Jaffray initiated the shares of ALV in a report on Friday, June 10 with “Neutral” rating. The stock of Autoliv Inc. (NYSE:ALV) has “Sector Perform” rating given on Monday, October 5 by RBC Capital Markets. The rating was initiated by Wells Fargo on Thursday, September 17 with “Market Perform”. The stock has “Market Perform” rating given by Wells Fargo on Monday, September 21. The firm has “Sell” rating given on Wednesday, September 2 by Pareto Securities. The firm earned “Neutral” rating on Wednesday, July 22 by Bank of America. The firm has “Neutral” rating given on Friday, October 28 by Robert W. Baird. RBC Capital Markets upgraded the stock to “Sector Perform” rating in Friday, September 25 report.
About 37,086 shares traded hands. Autoliv Inc. (NYSE: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 $161.57M 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 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.
Condor Capital Management has 0.15% invested in the company for 5,982 shares. Schwab Charles Management Incorporated holds 0.02% or 128,894 shares in its portfolio. Parametric Portfolio Assocs last reported 0.01% of its portfolio in the stock. Clinton Gru Inc, a New York-based fund reported 74,617 shares. Qs Investors Ltd owns 22 shares or 0% of their US portfolio. Moreover, Capstone Advsr Limited Liability Company has 0.04% invested in Autoliv Inc. (NYSE:ALV) for 18,224 shares. Royal Savings Bank Of Canada, a Ontario – Canada-based fund reported 25,396 shares. Jpmorgan Chase has invested 0% of its portfolio in Autoliv Inc. (NYSE:ALV). Tower Research Cap Lc (Trc) holds 1,413 shares or 0.01% of its portfolio. Us Commercial Bank De accumulated 0% or 10,135 shares. Robeco Institutional Asset Management Bv holds 0% of its portfolio in Autoliv Inc. (NYSE:ALV) for 3,004 shares. Dai Ichi Life accumulated 0.12% or 36,581 shares. Strs Ohio accumulated 13,583 shares or 0.01% of the stock. Citadel Advisors Lc reported 190,428 shares or 0.02% of all its holdings. The Pennsylvania-based Pnc Services Grp Inc Inc has invested 0% in Autoliv Inc. (NYSE:ALV).
Autoliv, Inc. is a developer, manufacturer and supplier to the automotive industry of automotive safety systems. The company has a market cap of $9.20 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.”
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: Streetinsider.com which released: “Jefferies Starts Autoliv, Inc. (ALV) at Buy” on November 29, 2016, also Fool.com published article titled: “Autoliv Inc. Tops Its Guidance”, Fool.com published: “Autoliv Inc.’s Organic Growth Underwhelms” on July 22, 2016. More interesting news about Autoliv Inc. (NYSE:ALV) was released by: Seekingalpha.com and their article: “Autoliv Inc.: Significant Upside With Strong Underlying Business Limiting The …” with publication date: November 15, 2016.
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By Darrin Black