Autoliv, Inc. (ALV) Can’t Be Less Risky. The Stock Formed a Multiple Top Chart Pattern

April 20, 2018 - By Winifred Garcia

Autoliv, Inc. (NYSE:ALV) Logo

Investors sentiment decreased to 0.96 in 2017 Q4. Its down 0.46, from 1.42 in 2017Q3. It dived, as 25 investors sold Autoliv, Inc. shares while 76 reduced holdings. 39 funds opened positions while 58 raised stakes. 28.56 million shares or 0.72% less from 28.77 million shares in 2017Q3 were reported.
Dekabank Deutsche Girozentrale, a Germany-based fund reported 7,749 shares. Stratos Wealth Partners Ltd has invested 0% of its portfolio in Autoliv, Inc. (NYSE:ALV). Wms Partners has invested 0.03% in Autoliv, Inc. (NYSE:ALV). Tiaa Cref Inv Mgmt Lc invested in 0% or 23,912 shares. Fjarde Ap stated it has 31,549 shares or 0.06% of all its holdings. New York State Common Retirement Fund accumulated 44,743 shares or 0.01% of the stock. Highland Capital Ltd Partnership owns 4,000 shares. Pictet Asset invested in 810,299 shares or 0.26% of the stock. Murphy Pohlad Asset Mgmt Limited Liability invested in 1.5% or 17,885 shares. Marshall Wace Llp has invested 0.33% of its portfolio in Autoliv, Inc. (NYSE:ALV). Aperio Gp Limited invested in 0.01% or 14,793 shares. Eagle Ridge Inv Mngmt invested in 40,157 shares or 0.79% of the stock. Panagora Asset Management Inc, a Massachusetts-based fund reported 2,557 shares. Rothschild Inv Il holds 0.04% of its portfolio in Autoliv, Inc. (NYSE:ALV) for 2,700 shares. Lombard Odier Asset Management (Switzerland) holds 7,277 shares or 0.09% of its portfolio.

Since February 15, 2018, it had 0 insider buys, and 4 insider sales for $379,045 activity. Lofvenholm Johan sold 783 shares worth $113,378.

The stock of Autoliv, Inc. (ALV) shows a multiple tops pattern with $161.10 target or 7.00 % above today’s $150.56 share price. The 6 months chart pattern indicates low risk for the $13.11B company. It was reported on Apr, 20 by If the $161.10 price target is reached, the company will be worth $917.84 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock decreased 0.55% or $0.83 during the last trading session, reaching $150.56. About 217,441 shares traded. Autoliv, Inc. (NYSE:ALV) has risen 44.71% since April 20, 2017 and is uptrending. It has outperformed by 33.16% the S&P500.

Analysts await Autoliv, Inc. (NYSE:ALV) to report earnings on April, 27 before the open. They expect $1.81 earnings per share, up 9.70 % or $0.16 from last year’s $1.65 per share. ALV’s profit will be $157.63 million for 20.80 P/E if the $1.81 EPS becomes a reality. After $2.03 actual earnings per share reported by Autoliv, Inc. for the previous quarter, Wall Street now forecasts -10.84 % negative EPS growth.

Autoliv, Inc. (NYSE:ALV) Ratings Coverage

Among 12 analysts covering Autoliv (NYSE:ALV), 6 have Buy rating, 1 Sell and 5 Hold. Therefore 50% are positive. Autoliv has $19400 highest and $97.0 lowest target. $149.62’s average target is -0.62% below currents $150.56 stock price. Autoliv had 26 analyst reports since October 26, 2017 according to SRatingsIntel. The rating was maintained by Mizuho with “Buy” on Thursday, October 26. Robert W. Baird upgraded the shares of ALV in report on Wednesday, January 31 to “Buy” rating. As per Tuesday, January 30, the company rating was maintained by Piper Jaffray. Longbow maintained Autoliv, Inc. (NYSE:ALV) on Tuesday, March 27 with “Buy” rating. The stock of Autoliv, Inc. (NYSE:ALV) earned “Hold” rating by Guggenheim on Monday, January 8. The rating was maintained by Mizuho on Monday, December 11 with “Buy”. The firm has “Hold” rating by Susquehanna given on Wednesday, March 14. Barclays Capital maintained it with “Underweight” rating and $106 target in Wednesday, January 31 report. Jefferies maintained Autoliv, Inc. (NYSE:ALV) on Thursday, October 26 with “Buy” rating. Guggenheim maintained it with “Hold” rating and $150.0 target in Wednesday, January 31 report.

Autoliv, Inc. (NYSE:ALV) Institutional Positions Chart

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