In a report released yesterday, Anthony Deem from Longbow Research reiterated a Hold rating on Autoliv (ALV). The company’s shares closed yesterday at $77.61.
According to TipRanks.com, Deem has 0 stars on 0-5 star ranking scale with an average return of -17.0% and a 30.6% success rate. Deem covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, Veoneer Inc, and Adient plc.
The word on The Street in general, suggests a Hold analyst consensus rating for Autoliv with a $80.64 average price target, which is a 3.9% upside from current levels. In a report issued on January 17, Mizuho Securities also downgraded the stock to Hold with a $80 price target.
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Based on Autoliv’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $91 million. In comparison, last year the company had a net profit of $62.6 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.
