Autoliv (ALV) is Upgraded by Goldman to Neutral

Autoliv (ALV) was Upgraded by Goldman to ” Neutral”. Earlier the firm had a rating of “Sell ” on the company shares. Goldman advised their investors in a research report released on Nov 23, 2016.

Many Wall Street Analysts have commented on Autoliv. Shares were Downgraded by Robert W. Baird on Oct 28, 2016 to ” Neutral” and Lowered the Price Target to $ 104 from a previous price target of $129 .

On the company’s financial health, Autoliv reported $1.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $1.37. The company had revenue of $2461.00 million for the quarter, compared to analysts expectations of $2449.36 million. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.53 EPS.

Autoliv closed down -0.33 points or -0.34% at $97.77 with 4,61,922 shares getting traded on Monday. Post opening the session at $98.05, the shares hit an intraday low of $97.44 and an intraday high of $98.51 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

Autoliv

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