Piper Jaffray Initiates Coverage on Autoliv to Neutral

Piper Jaffray Initiates Coverage on Autoliv(NYSE:ALV). The shares have been rated Neutral. The rating by Piper Jaffray was issued on Jun 9, 2016.

In a different note, On Apr 18, 2016, Goldman Sachs said it Downgrades its rating on Autoliv. The shares have been rated ‘Sell’ by the firm. On Mar 14, 2016, Evercore ISS Group said it Downgrades its rating on Autoliv. In the research note, the firm Lowers the price-target to $125.00 per share. The shares have been rated ‘Sell’ by the firm.

Autoliv (ALV) made into the market gainers list on Wednesdays trading session with the shares advancing 0.39% or 0.46 points. Due to strong positive momentum, the stock ended at $119.27, which is also near the day’s high of $120.5. The stock began the session at $118.82 and the volume stood at 2,24,072 shares. The 52-week high of the shares is $129.37 and the 52 week low is $95.34. The company has a current market capitalization of $10,519 M and it has 8,81,93,567 shares in outstanding.

Autoliv has also declared a cash dividend of $0.5800 on May 10, 2016. The shares will quote ex-dividend on Aug 16, 2016 and the record date has been fixed on Aug 18, 2016. The dividend payable date has been fixed on Sep 1, 2016.

Autoliv(ALV) last announced its earnings results on Apr 29, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.43B. Analysts had an estimated revenue of $2.33B. Earnings per share were $1.66. Analysts had estimated an EPS of $1.50.

Several Insider Transactions has been reported to the SEC. On Mar 10, 2016, Robert W Alspaugh (director) sold 647 shares at $112.21 per share price.Also, 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.

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