Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Autoliv Inc (NYSE: ALV) improved during the last several trading days. ALV’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Autoliv Inc (NYSE: ALV) stock declined modestly by -1.5% on 3/8/24. The stock closed at $117.11. Trading volume in this decline was normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 0.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ALV is expected to continue to be a major Value Builder.
Autoliv has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. 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 52 but a very high Power Rating of 87, leading to the Positive Value Trend Rating.
Be the first to comment