Street Calls of the Week
Autoliv Inc. stock reached a significant milestone, hitting a 52-week high of 127.19 USD. Trading at a P/E ratio of 13.8 with a market capitalization of $9.76 billion, this marks a notable achievement for the company. The stock price has surged over the past year, reflecting a robust 34.22% increase, while maintaining a steady 2.71% dividend yield. According to InvestingPro analysis, the stock shows potential for further growth, with analyst price targets ranging from $109 to $145. The rise in Autoliv’s stock price underscores the company’s strong performance and investor confidence over the past year, positioning it well within the automotive safety industry. The company has maintained dividend payments for 29 consecutive years, demonstrating financial stability. Investors are closely watching Autoliv’s trajectory as the company continues to navigate market dynamics and capitalize on opportunities in its sector. InvestingPro subscribers can access 8 additional key insights about Autoliv’s financial health and growth prospects.
In other recent news, Autoliv reported strong second-quarter earnings, with revenue reaching $2.71 billion and earnings per share at $2.21. These results surpassed analysts’ expectations, which were $2.64 billion in revenue and $2.07 in earnings per share. The company’s organic sales increased by 3.4% year-over-year, exceeding the 2.7% growth in light vehicle production during the same period. Following these results, Mizuho raised its price target for Autoliv to $130 from $122, maintaining an Outperform rating. Similarly, TD Cowen increased its price target to $133 from $106, citing higher estimates and target multiples. Jefferies reiterated its Buy rating with a $140 price target, noting Autoliv’s resilience and minor upgrade to guidance amidst operating volatility. Jefferies also assumed coverage on Autoliv, emphasizing its market leadership, strong margins, and content tailwinds as strengths. These developments highlight positive sentiment among analysts regarding Autoliv’s performance and outlook.
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