RBC Capital Sticks to Its Hold Rating for Autoliv

By Carrie Williams

RBC Capital analyst Joseph Spak reiterated a Hold rating on Autoliv (NYSE: ALV) on August 27 and set a price target of $100. The company’s shares closed yesterday at $105.93.

According to TipRanks.com, Spak is a 5-star analyst with an average return of 12.4% and a 66.7% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Metaldyne Performance Group, Magna International, and Tenneco Automotive.

Autoliv has an analyst consensus of Moderate Buy, with a price target consensus of $112.57.

Based on Autoliv’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.54 billion and quarterly net profit of $130 million. In comparison, last year the company earned revenue of $2.58 billion and had a net profit of $148 million.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock.

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. develops and manufactures automotive safety systems for automobile manufacturers. It operates through the following segments: Passive Safety Products and Active Safety Products. The Passive Safety Products segment products include airbags, seatbelts, steering wheels, and restrain electronics.