BMO Capital Thinks Autoliv’s Stock is Going to Recover


BMO Capital analyst Richard Carlson reiterated a Buy rating on Autoliv (ALV) on November 11 and set a price target of $99. The company’s shares opened today at $82.02, close to its 52-week low of $75.99.

According to TipRanks.com, Carlson ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -13.4% and a 27.9% success rate. Carlson covers the Industrial Goods sector, focusing on stocks such as Shiloh Industries, Veoneer Inc, and BorgWarner.

Currently, the analyst consensus on Autoliv is a Hold with an average price target of $90.73, representing a 10.6% upside. In a report issued on October 29, Mizuho Securities also maintained a Buy rating on the stock with a $97 price target.

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Autoliv’s market cap is currently $7.05B and has a P/E ratio of 20.54. The company has a Price to Book ratio of 3.46.

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.

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