Alfa Laval (OTCMKTS:ALFVY) Hits New 1-Year High - Here's What Happened

Key Points

• Alfa Laval's share price hit a new **52-week high** of **$47.56**, with a trading volume of 712 shares on the date of recording.
• Analysts have given the stock an average rating of **"Hold"**, with recent updates reflecting shifts from "sell" to "hold" ratings by various research firms.
• The company recently reported earnings of **$0.50 per share**, missing expectations, with revenues of **$1.76 billion**, below the anticipated **$1.83 billion**.

Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY - Get Free Report)'s share price reached a new 52-week high on Friday . The stock traded as high as $47.56 and last traded at $47.56, with a volume of 712 shares changing hands. The stock had previously closed at $47.04.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Nordea Equity Research raised Alfa Laval from a "sell" rating to a "hold" rating in a report on Wednesday, July 23rd. Citigroup reissued a "neutral" rating on shares of Alfa Laval in a report on Wednesday, July 30th. Finally, Zacks Research downgraded Alfa Laval from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold".

Alfa Laval Trading Up 1.3%

The firm has a market capitalization of $19.70 billion, a PE ratio of 25.48, a P/E/G ratio of 2.42 and a beta of 1.34. The business has a 50 day moving average price of $45.28 and a 200-day moving average price of $43.33. The company has a current ratio of 1.33, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24.

Alfa Laval (OTCMKTS:ALFVY - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.05). The business had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.83 billion. Alfa Laval had a return on equity of 19.35% and a net margin of 11.86%. Analysts expect that Alfa Laval AB Unsponsored ADR will post 1.85 earnings per share for the current year.

Alfa Laval Company Profile

Alfa Laval Corporate AB provides heat transfer, separation, and fluid handling products and solutions worldwide. It operates in three divisions: Energy, Food & Water, and Marine. The company offers oil/gas-fired steam and composite steam boilers, exhaust gas economizer, and ballast water treatment systems, and exhaust gas cleaning products.

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