For its first fiscal quarter (ending March 31), Autoliv Inc (NYSE: ALV) has reported a 78% increase in E.P.S. from $0.86 a year ago to $1.53 in the current quarter. Relative to the consensus estimate of $3.17, this was a shortfall of $-1.64. For the latest four quarters through March 31, E.P.S. were $6.44 compared to $4.78 a year ago — an increase of 35%.
Recent Price Action
Autoliv Inc (NYSE: ALV) stock enjoyed a very large increase of 5.6% on 4/26/24. The shares closed at $122.29. Moreover, this advance was accompanied by exceptionally high trading volume at 293% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 6.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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 C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Autoliv has a neutral Appreciation Score of 49 but a good Power Rating of 75, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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