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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 the complete list of today’s Zacks #1 Rank stocks here.
Allison Transmission has an expected long-term growth rate of 05%. Year to date, shares of the company have gained 22.5%.
Volvo has an expected long-term growth rate of 15%. Year to date, shares of the company have gained 64.1%.
Wabco Holdings has an expected long-term growth rate of 15%. Its shares have rallied 33%, year to date.
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