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Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick

Zacks Equity Research
·2-min read

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why This 1 Growth Stock Should Be On Your Watchlist

Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

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Autoliv, Inc. (ALV)

Based in Stockholm, Autoliv is a holding company that operates through two principal subsidiaries — Autoliv AB and Autoliv ASP.  Autoliv was born from the 1997 merger of Swedish firm Autoliv AB and U.S. firm Morton ASP. On Jun 29, 2018, Autoliv completed the spin-off of its Electronics business to Veoneer, Inc. Following the completion of the spin-off, the company has been focused on occupant safety products.

ALV is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of A. Earnings are expected to grow 19.9% year-over-year for the current fiscal year, with sales growth of 5.3%.

Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.12 to $9.82 per share. ALV boasts an average earnings surprise of 14.1%.

Looking at cash flow, Autoliv, Inc. is expected to report cash flow growth of 43.9% this year; ALV has generated cash flow growth of 1.6% over the past three to five years.

Investors should take the time to consider ALV for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.

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Autoliv, Inc. (ALV) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research