Price Don’t Lie: Autoliv Inc. Can’t Burn Your Short Portfolio. Just Reaches Yearly Low

Price Don't Lie: Autoliv Inc. Can't Burn Your Short Portfolio. Just Reaches Yearly Low

The stock of Autoliv Inc. (NYSE:ALV) hit a new 52-week low and has $88.80 target or 7.00% below today’s $95.48 share price. The 9 months bearish chart indicates high risk for the $8.41 billion company. The 1-year low was reported on Nov, 7 by Barchart.com. If the $88.80 price target is reached, the company will be worth $588.70 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 163,672 shares traded hands. Autoliv Inc. (NYSE:ALV) has declined 14.83% since April 5, 2016 and is downtrending. It has underperformed by 16.79% the S&P500.

Autoliv Inc. (NYSE:ALV) Ratings Coverage

Out of 17 analysts covering Autoliv Inc (NYSE:ALV), 2 rate it a “Buy”, 8 “Sell”, while 7 “Hold”. This means 12% are positive. Autoliv Inc has been the topic of 34 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Robert W. Baird upgraded the shares of ALV in a report on Wednesday, January 27 to “Outperform” rating. As per Monday, May 2, the company rating was maintained by RBC Capital Markets. Piper Jaffray initiated Autoliv Inc. (NYSE:ALV) on Friday, June 10 with “Neutral” rating. The rating was maintained by Deutsche Bank on Wednesday, October 14 with “Hold”. The company was maintained on Monday, October 5 by RBC Capital Markets. The firm has “Neutral” rating given on Friday, October 28 by Robert W. Baird. The stock has “Hold” rating given by Berenberg on Friday, June 17. The firm has “Market Perform” rating given on Monday, September 21 by Wells Fargo. As per Tuesday, September 29, the company rating was upgraded by Goldman Sachs. RBC Capital Markets maintained the shares of ALV in a report on Monday, October 26 with “Sector Perform” rating.

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.”

Insitutional Activity: The institutional sentiment decreased to 1.04 in 2016 Q2. Its down 0.11, from 1.15 in 2016Q1. The ratio is negative, 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.
Hsbc Public Limited Com has 0.01% invested in the company for 36,102 shares. Fiera Cap has 411,103 shares for 0.25% of their US portfolio. Kcg Holdings accumulated 13,073 shares or 0.03% of the stock. Natixis Asset Mgmt, a France-based fund reported 34,060 shares. Cibc Asset Mgmt Inc reported 4,416 shares or 0% of all its holdings. Great West Life Assurance Co Can accumulated 53,288 shares or 0.02% of the stock. Northern Tru holds 0.01% or 271,485 shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt has 0.03% invested in the company for 6,387 shares. Diam Company accumulated 11,930 shares or 0.02% of the stock. Freestone Hldgs Limited Liability Corp last reported 0.2% of its portfolio in the stock. Bluecrest Cap Mgmt Limited reported 1,868 shares or 0.01% of all its holdings. Pinnacle has invested 0.01% of its portfolio in Autoliv Inc. (NYSE:ALV). Asset Mngmt Incorporated accumulated 0.01% or 8,067 shares. Bnp Paribas Inv Prns Sa holds 0.01% of its portfolio in Autoliv Inc. (NYSE:ALV) for 8,872 shares. Jpmorgan Chase & Comm last reported 54,587 shares in the company.

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 Finance.Yahoo.com with their article: “Market Realist•6 days ago” published on April 22, 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: Fool.com and their article: “Autoliv Inc. Reports Record Sales and Robust Margins” published on January 30, 2016 as well as Fool.com‘s news article titled: “The Airbag Recall Drove Autoliv Inc.’s Strong Q1 Results” with publication date: April 29, 2016.

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.

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