Mizuho Securities Reaffirms Their Buy Rating on Autoliv


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 opened today at $146.75.

Rakesh noted:

“We believe VNE will bring to market the first pure-play Automotive ADAS hardware supplier with Level 4/5 software capabilities (like a 3D-Mapping offering Roadscape (similar to Mobileye REM/TomTom HERE). Mizuho will host meetings with VNE CFO Mathias Hermansson in NY on the first day of its trading. A solid and growing ADAS and software order book. Veoneer has noted a strong ADAS order intake: up 3.5x in the last five years and up 48% in LTM (Exhibit 4), with new LiDAR wins at a major U.S. OEM, major Roadscape 3D- mapping wins at a U.S. customer, an L3 order with and first driver monitoring win in 2018. Veoneer sees solid growth in its Electronics TAM at a 10-12% CAGR through 2025, potential AEB take rates >70% by 2025 vs ~10% today (See Ex-1 and Ex-3).”

According to TipRanks.com, Rakesh is a top 25 analyst with an average return of 28.7% and a 71.1% 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 a Strong Buy with an average price target of $167, representing a 13.8% upside. In a report issued on June 20, Wells Fargo also initiated coverage with a Buy rating on the stock with a $176 price target.

.

See today’s analyst top recommended stocks >>

The company has a one-year high of $160.23 and a one-year low of $104.56. Currently, Autoliv has an average volume of 512.3K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts