KeyBanc Thinks Autoliv’s Stock is Going to Recover

By Ryan Adsit

KeyBanc analyst James Picariello reiterated a Buy rating on Autoliv (ALVResearch Report) today and set a price target of $95. The company’s shares closed on Friday at $70.44, close to its 52-week low of $67.26.

According to TipRanks.com, Picariello is a 3-star analyst with an average return of 14.2% and a 87.5% success rate. Picariello covers the Industrial Goods sector, focusing on stocks such as Tenneco Automotive, American Axle, and Meritor Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for Autoliv with a $83.70 average price target.

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The company has a one-year high of $115.42 and a one-year low of $67.26. Currently, Autoliv has an average volume of 772.2K.

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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.