Autoliv (ALV) was Initiated by Berenberg to “Hold”. Berenberg advised their investors in a research report released on Jun 17, 2016.
Many Wall Street Analysts have commented on Autoliv. Piper Jaffray Initiated Autoliv on Jun 10, 2016 to “Neutral”, Price Target of the shares are set at $123.Company shares were Reiterated by RBC Capital Mkts on May 2, 2016 to “Underperform”, Firm has raised the Price Target to $ 107 from a previous price target of $96 .Autoliv was Downgraded by Goldman to ” Sell” on Apr 18, 2016.
On the company’s financial health, Autoliv reported $1.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $1.52. The company had revenue of $2430.00 million for the quarter, compared to analysts expectations of $2338.99 million. The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 EPS.
Autoliv opened for trading at $118.82 and hit $120.5 on the upside on Wednesday, eventually ending the session at $119.27, with a gain of 0.39% or 0.46 points. The heightened volatility saw the trading volume jump to 2,24,072 shares. Company has a market cap of $10,519 M.
Investors should note that on May 10, 2016, Autoliv announced a cash dividend of $0.5800. The company’s management has announced Aug 16, 2016 as the ex-dividend date and fixed the record date on Aug 18, 2016. The payable date has been fixed on Sep 1, 2016.
In a different news, on Mar 10, 2016, Robert W Alspaugh (director) sold 647 shares at $112.21 per share price. According to the SEC, on Mar 9, 2016, Amelie Heiner (Treasurer) sold 111 shares at $111.93 per share price. On Feb 26, 2016, Henrik Arrland (Group VP, Purchasing) sold 1,350 shares at $106.84 per share price, according to the Form-4 filing with the securities and exchange commission.
Autoliv Inc. is a developer manufacturer and supplier of automotive safety systems to the automotive industry. The Company’s range of product offerings includes passive safety systems and active safety systems. 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 passive safety electronics whiplash protection systems and child seats and components for such systems. Active safety systems are designed to make driving easier and more comfortable and to intervene before a collision in order to make accidents avoidable or reduce the impact. Active safety products include automotive radars night driving assist camera-based vision systems brake controls and other active safety systems. It has approximately 80 production facilities located in around 27 countries consisting of both component factories and assembly factories.