Alfa Laval (OTCMKTS:ALFVY) Stock Rating Cut to Strong Sell at Zacks Research

Key Points

• Zacks Research downgraded Alfa Laval from “hold” to “strong sell,” although analyst sentiment remains mixed and MarketBeat’s consensus rating is still “hold.”
• Alfa Laval reported quarterly EPS of $0.52, below the $0.62 consensus estimate, while revenue of $1.87 billion matched expectations.
• Shares opened at $58.27, with a market capitalization of approximately $24.08 billion and a one-year trading range of $44.78 to $62.95.

Alfa Laval (OTCMKTS:ALFVY - Get Free Report) was downgraded by stock analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report issued on Tuesday, Zacks reports.

Other research analysts also recently issued reports about the company. Citigroup restated a "neutral" rating on shares of Alfa Laval in a report on Friday, August 7th. Danske cut Alfa Laval to a "hold" rating in a report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Alfa Laval in a report on Wednesday, July 22nd. Pareto Securities raised Alfa Laval from a "hold" rating to a "buy" rating in a research report on Wednesday, July 22nd. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Alfa Laval in a research report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Alfa Laval presently has a consensus rating of "Hold".

Alfa Laval Price Performance

Shares of ALFVY stock opened at $58.27 on Tuesday. The company has a market capitalization of $24.08 billion, a P/E ratio of 27.62, a P/E/G ratio of 4.15 and a beta of 1.12. The company's 50-day simple moving average is $57.77 and its two-hundred day simple moving average is $57.92. Alfa Laval has a one year low of $44.78 and a one year high of $62.95. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.12 and a quick ratio of 0.69.

Alfa Laval (OTCMKTS:ALFVY - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.10). The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. Alfa Laval had a net margin of 11.63% and a return on equity of 18.41%. As a group, equities analysts anticipate that Alfa Laval will post 2.25 EPS for the current year.

About Alfa Laval

Alfa Laval AB is a Sweden-based industrial technology company that develops products and systems for heat transfer, separation and fluid handling. Its solutions are used to improve energy efficiency, support clean-water and wastewater treatment, process food and beverages, and handle industrial fluids in a range of applications.

The company's offerings include heat exchangers, separators, decanters, pumps, valves, hygienic equipment and related process systems. Alfa Laval serves customers in industries such as energy, marine transportation, food and beverage, chemicals, pharmaceuticals, water treatment and general manufacturing.

Founded in 1883 by Swedish engineer Gustaf de Laval, the company has grown into a global business with sales, service operations and manufacturing activities across Europe, North America, Asia and other international markets.

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