RBC Capital Reaffirms Their Buy Rating on Autoliv (ALV)

In a report issued on July 22, Joseph Spak from RBC Capital maintained a Buy rating on Autoliv (ALVResearch Report), with a price target of $92.00. The company’s shares closed last Monday at $83.49.

According to TipRanks.com, Spak ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -13.3% and a 43.9% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Magna International, Tenneco Automotive, and American Axle.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Autoliv with a $87.00 average price target, which is a 4.5% upside from current levels. In a report issued on July 18, Deutsche Bank also maintained a Buy rating on the stock with a $94.00 price target.

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Autoliv’s market cap is currently $7.17B and has a P/E ratio of 21.34.

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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. The Electronics segment comprises of restraint control systems, brake control systems and active safety. The company was founded by Lennart Lindblad in 1953 and is headquartered in Stockholm, Sweden.

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