Autoliv Inc. (ALV): Today's Featured Automotive Winner
Autoliv Inc (ALV) pushed the Automotive industry higher today making it today's featured automotive winner. The industry as a whole closed the day up 0.9%. By the end of trading, Autoliv Inc rose 75 cents (1.4%) to $54.71 on light volume. Throughout the day, 735,392 shares of Autoliv Inc exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in a price between $54.20-$55.34 after having opened the day at $55.05 as compared to the previous trading day's close of $53.96. Other companies within the Automotive industry that increased today were: Cycle Country Accessories Corporation (ATC), up 13%, Supreme Industries Inc (STS), up 8.8%, Swift Transportation (SWFT), up 4.2%, and Marine Products Corporation (MPX), up 3.3%. Autoliv, Inc., through its subsidiaries, develops, manufactures, and supplies automotive safety systems to automotive industry. Autoliv Inc has a market cap of $5.05 billion and is part of the consumer goods sector. The company has a P/E ratio of 8.3, equal to the average automotive industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 31.6% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Autoliv as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
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