November 29, 2016 - By Marguerite Chambers
In a a note issued to clients and investors on 29 November, Jefferies analyst just initiated coverage of Autoliv (NYSE:ALV) with Buy rating. The PT is set to $112.00.
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 -1.64% below today’s ($104.18) stock price. Autoliv Inc has been the topic of 35 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was downgraded by Bank of America to “Underperform” on Thursday, December 10. The rating was upgraded by RBC Capital Markets to “Sector Perform” on Friday, September 25. RBC Capital Markets maintained Autoliv Inc. (NYSE:ALV) on Wednesday, December 9 with “Sector Perform” rating. The firm earned “Underperform” rating on Monday, May 2 by RBC Capital Markets. As per Friday, July 31, the company rating was upgraded by Credit Suisse. Robert W. Baird upgraded the stock to “Outperform” rating in Wednesday, January 27 report. The stock of Autoliv Inc. (NYSE:ALV) earned “Sell” rating by Evercore on Monday, March 14. The rating was initiated by Piper Jaffray with “Neutral” on Friday, June 10. Goldman Sachs upgraded the stock to “Neutral” rating in Tuesday, September 29 report. The stock has “Sector Perform” rating given by RBC Capital Markets on Monday, October 26.
About 220,435 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 $161.60 million for 14.31 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.
Meyer Handelman, a New York-based fund reported 7,536 shares. North Point Managers Corporation Oh, a Ohio-based fund reported 2,900 shares. Rothschild Il reported 2,500 shares or 0.03% of all its holdings. Winfield Associate holds 0% or 10 shares in its portfolio. Price T Rowe Assoc Inc Md accumulated 0.02% or 816,805 shares. Fjarde Ap accumulated 25,577 shares or 0.06% of the stock. Natl Bank Of Montreal Can, a Ontario – Canada-based fund reported 13,685 shares. Bluestein R H & holds 0.07% or 8,000 shares in its portfolio. Bankshares Of Nova Scotia holds 0.02% or 36,949 shares in its portfolio. Royal Commercial Bank Of Canada holds 25,396 shares or 0% of its portfolio. Ativo Cap Management Ltd Com holds 0.52% or 19,819 shares in its portfolio. Victory Capital Inc has invested 0% of its portfolio in Autoliv Inc. (NYSE:ALV). Nordea Management Ab accumulated 0% or 1,388 shares. Envestnet Asset, a Illinois-based fund reported 6,134 shares. Bb&T has invested 0.02% of its portfolio 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 $9.25 billion. The Firm operates through two divisions: Passive Safety and Electronics. It has a 15.22 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”, Seekingalpha.com published: “Autoliv Inc.: Significant Upside With Strong Underlying Business Limiting The …” on November 15, 2016. More interesting news about Autoliv Inc. (NYSE:ALV) was released by: Bloomberg.com and their article: “Takata Narrows Buyer Bids to Autoliv, Key Safety Systems” with publication date: November 21, 2016.
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