Alfa Laval (OTCMKTS:ALFVY) Reaches New 12-Month High - Still a Buy?

Key Points

• 52-week high: Alfa Laval's ADR reached a new 52-week high in mid-day trading at $60.62 (last trade $60.5450) on Tuesday, with about 12,297 shares changing hands.
• Analyst consensus "Hold": Analysts are mixed — three Buys, four Holds and one Sell — and MarketBeat's consensus rating for ALFVY is currently "Hold" after recent downgrades from Pareto and Zacks.
• Earnings mixed: Alfa Laval missed quarterly EPS estimates ($0.51 vs. $0.63) but beat revenue expectations ($2.14B vs. $2.03B); the company has a market cap of ~$25.0B, a P/E of ~29.7 and analysts forecast ~1.85 EPS for the year.

Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $60.62 and last traded at $60.5450, with a volume of 12297 shares. The stock had previously closed at $59.0250.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Pareto Securities downgraded Alfa Laval from a "buy" rating to a "hold" rating in a research note on Wednesday, April 8th. Morgan Stanley reissued an "underweight" rating on shares of Alfa Laval in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Alfa Laval in a research note on Thursday, February 5th. Citigroup reissued a "neutral" rating on shares of Alfa Laval in a research note on Thursday. Finally, Zacks Research downgraded Alfa Laval from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 3rd. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Alfa Laval currently has a consensus rating of "Hold".

Alfa Laval Price Performance

The stock has a 50 day moving average price of $56.62 and a two-hundred day moving average price of $52.11. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.75 and a current ratio of 1.18. The company has a market capitalization of $25.03 billion, a PE ratio of 29.68, a P/E/G ratio of 2.77 and a beta of 1.23.

Alfa Laval (OTCMKTS:ALFVY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by ($0.12). Alfa Laval had a return on equity of 19.71% and a net margin of 11.86%.The firm had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.03 billion. Equities analysts forecast that Alfa Laval AB Unsponsored ADR will post 1.85 earnings per share for the current year.

About Alfa Laval

Alfa Laval is an industrial engineering company specializing in heat transfer, separation and fluid handling technologies. Its product portfolio includes plate and tubular heat exchangers, separators and decanter centrifuges, pumps, valves and complete process systems designed to control temperature, separate liquids and solids, and move fluids reliably through industrial processes. The company supplies both standardized components and engineered systems for integration into customer plants and vessels.

The company serves a broad set of end markets including energy and power, marine and offshore, food and beverage processing, water and wastewater treatment, chemical and pharmaceutical production, and pulp and paper.

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