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

Key Points

• Alfa Laval (OTCMKTS:ALFVY) shares reached a new 52-week high of $48.74, closing last at $48.52 with a trading volume of 8,887 shares.
• Research firms have mixed views on the stock, with Zacks downgrading it to a "hold," while Nordea upgraded it to a "hold"; the average analyst rating for Alfa Laval is currently "hold."
• The company reported earnings of $0.50 per share for the last quarter, which was below the expected $0.55, alongside a revenue of $1.76 billion that also missed estimates.

Shares of Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $48.74 and last traded at $48.52, with a volume of 8887 shares changing hands. The stock had previously closed at $48.13.

Wall Street Analyst Weigh In

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

Alfa Laval Price Performance

The firm has a market capitalization of $20.05 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 2.53 and a beta of 1.34. The firm has a 50 day moving average price of $46.30 and a 200-day moving average price of $43.67. 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 quarterly 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). Alfa Laval had a return on equity of 19.35% and a net margin of 11.86%.The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.83 billion. On average, analysts expect that Alfa Laval AB Unsponsored ADR will post 1.85 earnings per share for the current year.

About Alfa Laval

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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