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
On 6/7/24, Autoliv Inc (NYSE: ALV) stock declined slightly by -0.2%, closing at $119.51. Moreover, trading volume in this decline was above average at 144% of normal. Relative to the market the stock has been strong over the last nine months but has declined -5.7% during the last week.
Current PriceTarget Research Rating
ALV is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Autoliv has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. 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 76, triggering the Positive Value Trend Rating.
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