Alfa Laval (OTCMKTS:ALFVY) Trading Up 0.5% - Should You Buy?

Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY - Get Free Report) traded up 0.5% during trading on Friday . The company traded as high as $41.91 and last traded at $41.58. 12,717 shares changed hands during trading, a decline of 29% from the average session volume of 17,791 shares. The stock had previously closed at $41.37.

Analysts Set New Price Targets

ALFVY has been the subject of a number of research analyst reports. UBS Group upgraded Alfa Laval from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 9th. The Goldman Sachs Group raised Alfa Laval from a "strong sell" rating to a "hold" rating in a research note on Wednesday, March 26th.

Alfa Laval Stock Up 0.5%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.84 and a current ratio of 1.34. The stock's fifty day simple moving average is $42.01 and its two-hundred day simple moving average is $42.71. The company has a market capitalization of $17.19 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 1.74 and a beta of 1.36.

Alfa Laval (OTCMKTS:ALFVY - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.04. Alfa Laval had a net margin of 11.26% and a return on equity of 19.01%. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.56 billion. On average, sell-side analysts anticipate that Alfa Laval AB Unsponsored ADR will post 1.85 EPS for the current year.

Alfa Laval Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, May 22nd. Shareholders of record on Monday, May 5th were issued a $0.6343 dividend. The ex-dividend date was Friday, May 2nd. This represents a dividend yield of 1.52%. Alfa Laval's dividend payout ratio is currently 43.43%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.