Alfa Laval (OTCMKTS:ALFVY) Hits New 52-Week High – What’s Next?

Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $47.56 and last traded at $47.56, with a volume of 712 shares traded. The stock had previously closed at $47.04.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ALFVY shares. Zacks Research lowered shares of Alfa Laval from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Citigroup reissued a “neutral” rating on shares of Alfa Laval in a report on Wednesday, July 30th. Finally, Nordea Equity Research raised shares of Alfa Laval from a “sell” rating to a “hold” rating in a report on Wednesday, July 23rd. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Alfa Laval Stock Performance

The company’s 50-day moving average price is $45.34 and its 200 day moving average price is $43.34. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 1.33. The stock has a market capitalization of $19.70 billion, a PE ratio of 25.48, a PEG ratio of 2.51 and a beta of 1.34.

Alfa Laval (OTCMKTS:ALFVY) last posted its earnings results on Tuesday, July 22nd. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.05). Alfa Laval had a return on equity of 19.35% and a net margin of 11.86%.The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.83 billion. On average, equities research analysts expect that Alfa Laval AB Unsponsored ADR will post 1.85 earnings per share for the current fiscal 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.