TSX runs higher on rate cut expectations
Autoliv Inc. stock reached a new 52-week high, climbing to 124.84 USD. This milestone underscores the company’s strong performance, with its stock price surging 34.33% year-to-date. With a market capitalization of $9.56 billion and a P/E ratio of 13.56, InvestingPro analysis suggests the stock may still have room to grow. The Swedish-American automotive safety supplier, known for its seatbelts and airbags, has experienced steady growth amid increasing demand for vehicle safety features. The recent high reflects investor confidence in Autoliv’s strategic initiatives and market position, supported by its GREAT financial health score and 29-year track record of consistent dividend payments. As the company continues to innovate and expand its product offerings, its stock remains a focal point for investors seeking growth opportunities in the automotive sector. Get deeper insights into Autoliv’s valuation and growth prospects with InvestingPro’s comprehensive research report.
In other recent news, Autoliv, Inc. reported second-quarter revenue of $2.71 billion and earnings per share of $2.21, surpassing consensus estimates of $2.64 billion and $2.07, respectively. The company also saw a 3.4% increase in organic sales year-over-year, outperforming the 2.7% growth in light vehicle production during the same period. Following these strong results, Mizuho raised its price target for Autoliv to $130, maintaining an Outperform rating. TD Cowen also increased its price target to $133, citing higher estimates and target multiples, and highlighted expected improvements in gross operating margins in the latter half of the year, including in China.
Jefferies maintained its Buy rating on Autoliv, with a price target of $140, noting the company’s resilience and minor guidance upgrade despite operating volatility. Jefferies also assumed coverage on Autoliv, emphasizing the company’s market leadership and strong margins. Additionally, Mizuho previously raised the price target to $122 after Autoliv’s Capital Markets Day, which included insights from CEO Mikael Bratt and CFO Fredrik Westin. Key points from the event included an anticipated $100 million in additional tariff-related costs for 2025 and a projected increase in the battery electric vehicle light vehicle production mix to over 30% by 2030.
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