RBC Capital Reaffirms Their Buy Rating on Autoliv (ALV)
In a report released on January 13, Tom Narayan from RBC Capital maintained a Buy rating on Autoliv, with a price target of $146.00. The company’s shares closed yesterday at $128.17.
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According to TipRanks, Narayan is a 4-star analyst with an average return of 8.2% and a 50.60% success rate. Narayan covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Aptiv, and Stellantis.
In addition to RBC Capital, Autoliv also received a Buy from Wolfe Research’s Emmanuel Rosner in a report issued on January 12. However, yesterday, Robert W. Baird maintained a Hold rating on Autoliv (NYSE: ALV).
Based on Autoliv’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.71 billion and a net profit of $175 million. In comparison, last year the company earned a revenue of $2.56 billion and had a net profit of $138 million
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