Market Overview

UPDATE: Pareto Securities Upgrades Autoliv to Buy on Favorable Mix

Share:
Related ALV
3 Best Ways To Invest In Driverless Car Technology Today
Autoliv Quarterly Dividend Provides 1.9% Yield
Company Shares Trading With Low P/S Ratios (GuruFocus)

Pareto Securities raised its rating on Autoliv (NYSE: ALV) from Hold to Buy.

Pareto Securities noted, "Autoliv's increased emerging market exposure, and particularly market share gains in China, makes us confident that Autoliv is set to outpace an overall muted global auto market in 2013. In addition, solid growth in active safety supports our confidence in abovemarket growth. … In view of Autoliv's solid market growth and prospects of outperforming overall market growth with sustained margins, we see clear upside in the share as it is trading at a 25% discount to its historical forward-looking EV/EBIT multiple of around 8x."

Autoliv closed at $60.72 on Wednesday.

Latest Ratings for ALV

DateFirmActionFromTo
Apr 2016Goldman SachsDowngradesNeutralSell
Mar 2016Evercore ISS GroupDowngradesHoldSell
Feb 2016Deutsche BankMaintainsHold

View More Analyst Ratings for ALV
View the Latest Analyst Ratings

Posted-In: Pareto SecuritiesAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (ALV)

View Comments and Join the Discussion!