BMO Capital Thinks Autoliv’s Stock is Going to Recover


BMO Capital analyst Richard Carlson reiterated a Buy rating on Autoliv (NYSE: ALV) on August 27 and set a price target of $114. The company’s shares closed yesterday at $91.34, close to its 52-week low of $88.70.

According to TipRanks.com, Carlson is a 2-star analyst with an average return of 1.0% and a 41.7% success rate. Carlson covers the Industrial Goods sector, focusing on stocks such as Veoneer Inc, Aptiv PLC, and Gentherm.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Autoliv with a $113.80 average price target, which is a 24.6% upside from current levels. In a report issued on August 24, Longbow Research also maintained a Buy rating on the stock with a $120 price target.

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Autoliv’s market cap is currently $7.99B and has a P/E ratio of 25.09. The company has a Price to Book ratio of 3.99.

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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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