Ratings Don’t Lie: Jefferies & Co Covers Autoliv Inc (NYSE:ALV). What Is Next?

November 30, 2016 - By Marie Mckinney

Ratings Don't Lie: Jefferies & Co Covers Autoliv Inc (NYSE:ALV). What Is Next?

Why Jefferies & Co Gives Autoliv Inc (NYSE:ALV) $112.00 Price Target

Jefferies & Co issued a “Buy” rating on Autoliv Inc (NYSE:ALV). The firm has started coverage on shares of ALV in a analysts report revealed to investors on Tuesday morning. Jefferies & Co’s target price per share gives upside of 7.72% from the company’s current stock price.

Autoliv Inc. (NYSE:ALV) Ratings Coverage

Out of 18 analysts covering Autoliv Inc (NYSE:ALV), 3 rate it a “Buy”, 7 “Sell”, while 8 “Hold”. This means 17% are positive. $138 is the highest target while $23 is the lowest. The $103.06 average target is -0.84% below today’s ($103.93) stock price. Autoliv Inc has been the topic of 36 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Robert W. Baird downgraded the stock to “Neutral” rating in Friday, October 28 report. Goldman Sachs downgraded Autoliv Inc. (NYSE:ALV) on Monday, April 18 to “Sell” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, December 9 report. The company was initiated on Monday, September 21 by Wells Fargo. The company was upgraded on Friday, September 25 by RBC Capital Markets. Piper Jaffray initiated the stock with “Neutral” rating in Friday, June 10 report. The rating was downgraded by Evercore on Monday, March 14 to “Sell”. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, September 29. The stock of Autoliv Inc. (NYSE:ALV) has “Sell” rating given on Wednesday, September 2 by Pareto Securities. The rating was maintained by Barclays Capital with “Underweight” on Monday, January 25.

The stock increased 0.98% or $1.01 during the last trading session, hitting $103.93. Autoliv Inc. (NYSE:ALV) has declined 9.59% since April 27, 2016 and is downtrending. It has underperformed by 14.81% 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 14.28 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 2016 Q2. Its down 0.18, from 1.04 in 2016Q1. The ratio dived, 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.

Victory Capital Mngmt holds 0% of its portfolio in Autoliv Inc. (NYSE:ALV) for 1,296 shares. Deutsche Natl Bank Ag has 308,871 shares for 0.02% of their US portfolio. Guggenheim Cap Ltd Llc has 60,966 shares for 0.02% of their US portfolio. Schroder Investment Mngmt Grp has 81,298 shares for 0.02% of their US portfolio. Blackrock Grp Limited last reported 0.03% of its portfolio in the stock. Mizuho Trust & Banking Limited reported 137,177 shares or 0.05% of all its holdings. Huntington State Bank holds 0% of its portfolio in Autoliv Inc. (NYSE:ALV) for 68 shares. Td Asset Inc reported 5,714 shares or 0% of all its holdings. Nippon Life Communications last reported 0.04% of its portfolio in the stock. Korea Inv owns 5,600 shares or 0% of their US portfolio. Highland Cap Mngmt Lc has invested 0.04% of its portfolio in Autoliv Inc. (NYSE:ALV). Panagora Asset Mgmt holds 0% of its portfolio in Autoliv Inc. (NYSE:ALV) for 2,617 shares. Ativo Capital Ltd Com has invested 0.52% of its portfolio in Autoliv Inc. (NYSE:ALV). Qs Invsts Ltd Llc holds 0% or 22 shares in its portfolio. Citigroup has invested 0% 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 $9.22 billion. The Firm operates through two divisions: Passive Safety and Electronics. It has a 15.19 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: Fool.com which released: “Autoliv Inc. Tops Its Guidance” on October 27, 2016, also Streetinsider.com with their article: “Jefferies Starts Autoliv, Inc. (ALV) at Buy” published on November 29, 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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