Evercore ISI Initiates a Hold Rating on Autoliv (ALV)

By Ryan Adsit

Evercore ISI analyst Chris McNally initiated coverage with a Hold rating on Autoliv (ALVResearch Report) yesterday and set a price target of $70.00. The company’s shares closed last Monday at $84.93.

According to TipRanks.com, McNally is ranked #2214 out of 5642 analysts.

Autoliv has an analyst consensus of Hold, with a price target consensus of $79.40, implying a -7.4% downside from current levels. In a report issued on October 28, Deutsche Bank also maintained a Hold rating on the stock with a $84.00 price target.

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Autoliv’s market cap is currently $7.41B and has a P/E ratio of 34.55. The company has a Price to Book ratio of 3.73.

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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.