Alfa Laval (OTCMKTS:ALFVY) Sets New 12-Month High - Here's Why

Key Points

• Alfa Laval's stock reached a new 52-week high of $48.34, marking a significant increase from its previous close of $47.32 with a trade volume of 20,430 shares.
• Recent analyst activity includes Nordea Equity Research raising the stock from "sell" to "hold," while Zacks downgraded it from "strong-buy" to "hold." The average rating remains "Hold" among five analysts.
• The company's recent earnings report revealed EPS of $0.50, which was below analyst expectations of $0.55, alongside a revenue of $1.76 billion versus an estimated $1.83 billion.

Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY - Get Free Report)'s share price reached a new 52-week high on Thursday . The company traded as high as $48.34 and last traded at $48.34, with a volume of 20430 shares traded. The stock had previously closed at $47.32.

Analyst Upgrades and Downgrades

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

Alfa Laval Trading Up 1.5%

The company has a quick ratio of 0.89, a current ratio of 1.33 and a debt-to-equity ratio of 0.24. The stock's 50 day moving average price is $45.95 and its 200-day moving average price is $43.49. The stock has a market capitalization of $19.84 billion, a P/E ratio of 25.67, a P/E/G ratio of 2.49 and a beta of 1.34.

Alfa Laval (OTCMKTS:ALFVY - Get Free Report) last released its quarterly earnings data 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 net margin of 11.86% and a return on equity of 19.35%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.83 billion. As a group, equities research 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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