Autoliv Receives a Buy from Mizuho Securities


Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on Autoliv (NYSE: ALV) yesterday and set a price target of $160. The company’s shares closed yesterday at $157.62, close to its 52-week high of $157.71.

According to TipRanks.com, Rakesh is a top 25 analyst with an average return of 31.4% and a 75.9% success rate. Rakesh covers the Consumer Goods sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Skyworks Solutions.

Currently, the analyst consensus on Autoliv is Moderate Buy and the average price target is $156.60, representing a -0.6% downside.

In a report issued on June 1, Longbow Research also reiterated a Buy rating on the stock with a $168 price target.

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Autoliv’s market cap is currently $13.73B and has a P/E ratio of 33.68. The company has a Price to Book ratio of 3.26.

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Autoliv, Inc. develops and manufactures automotive safety systems for automobile manufacturers. It operates through the following segments: Passive Safety Products and Active Safety Products. The Passive Safety Products segment products include airbags, seatbelts, steering wheels, and restrain electronics.

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