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ALV.N

ISIN: US0528001094
SEDOL: 2064253

Rating:

SELL

Target Price:

21.96 USD

Investment Horizon:

6 to 12 months


21st Jul 2009 View Report   Download

2Q 09 News Alert

Autoliv Inc's (Autoliv) 2Q 09 sales and operating performance continued to be pressured by the decline in Light Vehicle Production (LVP) in its core markets. Based on improving q-o-q performance and revised Management outlook, we intend to revise upwards our estimates in our next update report. However at current levels we continue to rate the NYSE common stock a SELL, and will reassess our target price and rating in our…

2nd Jun 2009 View Report   Download

Company News Alert

Autoliv Inc's (Autoliv) NYSE common stock experienced a significant increase of 24.2% since our 4Q 08 and FY 2008 update report, dated 15 April 2009, and has appreciated 27.6% since our previous rating change on 21 April 2009. We believe the significant price increase is primarily attributable to broader market index gain. However, significant production cuts and plant closures, coupled with rigorous restructuring activities undertaken…

21st Apr 2009 View Report   Download

1Q 09 News Alert

Autoliv Inc’s (Autoliv) 1Q 09 sales and operating performance was significantly below our expectations. We are likely to revise downwards our estimates in our next update report, in light of a weak Management outlook, coupled with continued decline in Light Vehicle Production (LVP) in the company’s core markets. Therefore, although the NYSE common stock target price does not support a SELL rating…

15th Apr 2009 View Report   Download

4Q 08 & FY 2008 Update Report

We remain concerned over Autoliv’s significant reliance on Europe and North America (collectively accounting for 76.4% of FY 2008 sales), which are currently experiencing declining Light Vehicle Production (LVP), associated with deteriorating demand for automobiles. Accordingly, we expect Autoliv’s sales growth to remain under severe pressure over the medium term, with only a partial recovery from FY 2010 onwards....

3rd Apr 2009 View Report   Download

Company News Alert

Autoliv Inc’s (Autoliv) NYSE common stock experienced a significant increase of 32.5% since our previous company news alert, dated 23 February 2009. Germany introduced a program in January 2009 allowing owners of vehicles with an age of over 9 years to purchase fuel efficient models and receive rebates of US$3,172, in addition to a road tax break for at least a year. As a result, new car registrations increased…