Could Autoliv, Inc. (ALV) Change Direction After This Bullish Double Top Chart Pattern

April 17, 2018 - By Hazel Jackson

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.
Victory Cap Mngmt holds 2,058 shares. Winfield Associate has 0% invested in Autoliv, Inc. (NYSE:ALV) for 10 shares. Qs Invsts owns 21 shares. Nbt Commercial Bank N A invested in 0.46% or 23,218 shares. Moreover, Wedge Cap Mgmt L L P Nc has 0.17% invested in Autoliv, Inc. (NYSE:ALV) for 149,241 shares. Robeco Institutional Asset Mgmt Bv owns 6,154 shares for 0% of their portfolio. Comerica National Bank holds 4,838 shares. Advsr Asset Mgmt reported 0% stake. Wells Fargo & Commerce Mn has 0% invested in Autoliv, Inc. (NYSE:ALV). Cap Advisers Ltd Liability Corp holds 0% or 2,463 shares. Daiwa Secs Group Inc has invested 0% in Autoliv, Inc. (NYSE:ALV). Moreover, Assetmark Inc has 0% invested in Autoliv, Inc. (NYSE:ALV). James Investment Rech Incorporated owns 13,400 shares for 0.06% of their portfolio. 100,000 were accumulated by Oz Limited Partnership. The Illinois-based Envestnet Asset Mngmt Inc has invested 0% in Autoliv, Inc. (NYSE:ALV).

Since February 15, 2018, it had 0 insider buys, and 4 insider sales for $379,045 activity. The insider Lofvenholm Johan sold $40,124.

The chart of Autoliv, Inc. (ALV) shows a double top with $163.19 target or 7.00 % above today’s $152.51 share price. The 6 months chart pattern indicates low risk for the $13.28 billion company. It was reported on Apr, 17 by Finviz.com. If the $163.19 price target is reached, the company will be worth $929.74M more. Double tops are rare but powerful chart patterns.

The stock increased 0.88% or $1.33 during the last trading session, reaching $152.51. About 206,921 shares traded. Autoliv, Inc. (NYSE:ALV) has risen 44.71% since April 17, 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. They expect $1.81 EPS, up 9.70 % or $0.16 from last year’s $1.65 per share. ALV’s profit will be $157.63M for 21.06 P/E if the $1.81 EPS becomes a reality. After $2.03 actual EPS 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 -1.89% below currents $152.51 stock price. Autoliv had 26 analyst reports since October 26, 2017 according to SRatingsIntel. Mizuho maintained Autoliv, Inc. (NYSE:ALV) rating on Thursday, October 26. Mizuho has “Buy” rating and $140.0 target. Cowen & Co maintained Autoliv, Inc. (NYSE:ALV) on Thursday, January 18 with “Hold” rating. As per Tuesday, January 30, the company rating was maintained by Mizuho. The company was maintained on Wednesday, January 31 by Barclays Capital. The company was maintained on Tuesday, March 27 by Longbow. The company was maintained on Tuesday, December 19 by RBC Capital Markets. Mizuho maintained Autoliv, Inc. (NYSE:ALV) on Monday, December 11 with “Buy” rating. As per Thursday, October 26, the company rating was maintained by Piper Jaffray. As per Wednesday, March 14, the company rating was maintained by Susquehanna. The rating was maintained by Cowen & Co with “Hold” on Wednesday, January 31.

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

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