Autoliv Inc. Looks to Continue to Trade Above its Annual-High Share Price Today

November 16, 2021 11:46:13

Shares of Autoliv Inc. (NYSE:ALV) traded today at $110.59, eclipsing its 52-week high. Approximately 910,000 shares have changed hands today, as compared to an average 30-day volume of 604,000 shares.

Autoliv Inc. (NYSE:ALV) is currently priced 65.3% above its average consensus analyst price target of $37.66.

Over the past year, Autoliv Inc. has traded in a range of $80.83 to $110.59 and is now at $108.48, 34% above that low.

Autoliv is the global leader in passive safety components and systems for the auto industry. Products include seat belts, frontal air bags, side-impact air bags, air bag inflators, and steering wheels. The Renault-Nissan-Mitsubishi alliance is the company’s largest customer at 13% of 2020 revenue, with Volkswagen and Stellantis accounting for 11% each. At 31% of 2020 revenue, the Americas was Autoliv’s largest geographic region, followed by Europe at 28%, China at 21%, and Japan at 10%.

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