Wells Fargo analyst Colin Langan maintains $Autoliv (ALV.US)$ with a hold rating, and maintains the target price at $101.
According to TipRanks data, the analyst has a success rate of 48.3% and a total average return of -5.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Autoliv (ALV.US)$'s main analysts recently are as follows:
The firm noted that Autoliv's shares are performing robustly following the third-quarter results and guidance, which met expectations and were generally perceived more positively than anticipated. This development is contributing to a more stable trading outlook for the future.
Autoliv experienced a trading increase of approximately 6% despite a modest shortfall attributed to a $14M settlement and a guidance reduction that was less severe than anticipated. The guidance suggests a quarter-over-quarter margin enhancement of 320 basis points, bolstered by factors such as volumes, engineering efficiencies, and foreign exchange/other influences. However, there are still concerns regarding the risks associated with the mix of local business in China.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
