Stock Rating Downgrade
The Value Trend Rating for Autoliv Inc (NYSE: ALV) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Autoliv Inc (NYSE: ALV) stock rose slightly by 0.2% on 4/8/24. The stock closed at $120.29. However, trading volume in this advance was unusually low at 51% of normal. The stock has been exceptionally strong relative to the market over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
ALV’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Autoliv has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Autoliv has a neutral Appreciation Score of 49 but a good Power Rating of 76, triggering the High Neutral Value Trend Rating.
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