Longbow Research analyst Anthony Deem maintained a Buy rating on Autoliv (NYSE: ALV) today and set a price target of $120. The company’s shares closed yesterday at $88.86, close to its 52-week low of $88.70.
Deem observed:
“On average, ALV’s stock traded at 7.4x the past 5 years and stands at 6.2x today following the VNE spin- off. On a P/E basis, shares have traded at 15.0x on average the past 5 years and currently trades at 9.8x.”
According to TipRanks.com, Deem ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -13.6% and a 19.2% success rate. Deem covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, Veoneer Inc, and Adient plc.
Currently, the analyst consensus on Autoliv is a Moderate Buy with an average price target of $113.80.
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Autoliv’s market cap is currently $7.74B and has a P/E ratio of 24.41. The company has a Price to Book ratio of 3.88.
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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.
