UPDATE: Deutsche Bank Lowers Autoliv's PT

According to a research report published this morning, Deutsche Bank has decreased Autoliv's ALV PT from $85 to $81. In the report, Deutsche Bank said, "Autoliv reported Q1 EPS, excluding items, of $1.56 vs. our $1.64 est. and consensus of $1.61. Revenue of $2.18bn was slightly below our $2.20bn estimate. However, gross margin of 20.2% was also 100bps below our estimate. Operating margin of 10.0% was slightly below our 10.2% estimate, due to strong SG&A cost performance. Incremental op margin ex-FX was -36.7% vs. our -19.7% est showing weak flow through in Q1; however, we expect this to improve in the back half. We maintain our Hold rating based on relative valuation." Deutsche Bank maintains its Hold rating on Autoliv, which is currently trading at $63.06.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetAnalyst RatingsDeutsche Bank
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!