Autoliv (ALV) Received its Third Buy in a Row


After Longbow Research and BMO Capital gave Autoliv (NYSE: ALV) a Buy rating last month, the company received another Buy, this time from Jefferies. Analyst Ashik Kurian reiterated a Buy rating on Autoliv today and set a price target of $115. The company’s shares opened today at $98.06.

According to TipRanks.com, Kurian is ranked #4174 out of 4846 analysts.

Autoliv has an analyst consensus of Moderate Buy, with a price target consensus of $113.80, a 16.1% upside from current levels. In a report issued on July 27, Robert W. Baird also reiterated a Buy rating on the stock with a $145 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 $130 million.

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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.

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