Product Innovation Keeps Autoliv (ALV) On Fast Track
Zacks Investment Research | Dec 06, 2017 01:03AM ET
On Dec 5, we issued an updated research report on Autoliv, Inc. (NYSE:ALV) .
Autoliv is a global leader in automotive safety systems. The company constantly comes up with innovative products in order to boost sales. In October, Autoliv partnered with Massachusetts Institute of Technology AgeLab for research on semi-autonomous vehicle for two years. Earlier in June, it had teamed up with NVIDIA Corporation (NASDAQ:NVDA) to develop next-generation software systems for self-driving cars.
In fact, Autoliv’s Electronics segment has gradually strengthened its position following the launch of the Zenuity joint venture in April. Again, the Stockholm, Sweden-based company inked a deal with Velodyne LiDAR, Inc., the leading supplier of LiDAR technology, for commercialization of LiDAR. In September, Autoliv had inked a deal to acquire certain assets of a Swedish LiDAR-specialist company.
However, the company is also facing problems like stiff competition in passive safety products and low organic sales growth etc.
Year to date, Autoliv has underperformed the industry it belongs to. The company’s shares have gained 13.5% compared with 22.1% growth of the industry it belongs to.
Currently, Autoliv carries a Zacks Rank #3 (Hold). The stock has seen the Zacks Consensus Estimate for yearly earnings being revised 0.3% upward to $6.28 over the last 30 days.
A few better-ranked automobile stocks are Allison Transmission Holdings, Inc. (NYSE:ALSN) , AB Volvo (OTC:VLVLY) and Wabco Holdings Inc. (NYSE:WBC) . While Allison Transmission and Volvo sport a Zacks Rank #1 (Strong Buy), Wabco Holdings carries a Zacks Rank #2 (Buy). You can see Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.