HOME ZACKS RESEARCH FUNDS PORTFOLIO BROKER RESEARCH MARKETS SCREENING EDUCATION SERVICES
Zacks Rank    Equity Research    Premium Home    My Account    Help    

Profit from the Pros – Zacks Free Email Newsletter
Our free email newsletter is filled with timely stock picks and market commentary. Sign up for free. Already on board? Check out the archive.
Quote:
Login Free Membership
Search:

 
Analyst Blog  

Autoliv Stuck in Low Gear

March 25, 2009 | Comments: 0
Recommended this article (1)
ALV
Print    Share

Autoliv, Inc. (ALV - Analyst Report), based in Stockholm, Sweden, manufactures occupant restraint systems for automobiles and has a product portfolio consisting primarily of safety airbags, seat belts and steering wheels.

Difficult conditions in North American and West European automotive markets are of primary concern for the company. Moreover, pricing pressure from OEMs has stalled margin expansion. Hence, we rate the stock a Sell with a target price of $14.00.

Currently, Autoliv shares are trading at 19.2x our 2010 EPS estimate of $0.95. The company's revenue and earnings improvements are being offset by a weak North American and West European light-vehicles market as well as pricing pressure from OEMs. This makes us cautious and compels us to rate the stock a Sell. We set a target price of $14.00, which is 14.7x our 2010 estimate.

Email

Print

Share

RSS

Rate Pos

Rate Neg

Comment
Read/Post Comments (0) | Recommended this article (1)
 Posting Comment...
There was a problem posting this this comment. Please try back later.
[CLICK TO CLOSE X]
Comments (Limit 1000 Characters - Used: 0)
Display Name: Email Address:  
 Loading Comments...
Be the first to comment on this article!

More Zacks Resources

Market Summary Nov 08, 2009 04:17 am ET
DJIA 10023.42  17.46 0.17%
NASD 2112.44  7.12 0.34%
S&P 500 1069.3  2.67 0.25%
Sponsored Links