BMO Capital analyst Richard Carlson reiterated a Buy rating on Autoliv (NYSE: ALV) on October 16 and set a price target of $114. The company’s shares closed on Friday at $79.98, close to its 52-week low of $76.61.
According to TipRanks.com, Carlson is ranked 0 out of 5 stars with an average return of -15.5% and a 25.6% success rate. Carlson covers the Industrial Goods sector, focusing on stocks such as Shiloh Industries, BorgWarner, and Gentherm.
Autoliv has an analyst consensus of Hold, with a price target consensus of $98.27, which is a 22.9% upside from current levels. In a report issued on October 5, Jefferies also reiterated a Buy rating on the stock with a $100 price target.
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Based on Autoliv’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $37.2 million. In comparison, last year the company had a net profit of $90.8 million.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock.
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Autoliv, Inc. engages in the development, manufacture, and supply of automotive safety systems. It operates through the Passive Safety and Electronics segment. The Passive Safety segment includes airbags, seatbelts, steering wheels, and restrain electronics.
