Alfa Laval (OTCMKTS:ALFVY) Reaches New 52-Week High – Time to Buy?

Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $59.23 and last traded at $59.17, with a volume of 6363 shares. The stock had previously closed at $58.25.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Alfa Laval in a research report on Thursday, February 5th. Royal Bank Of Canada restated an “outperform” rating on shares of Alfa Laval in a research note on Wednesday, October 29th. Citigroup reaffirmed a “neutral” rating on shares of Alfa Laval in a report on Monday, December 15th. Barclays restated an “overweight” rating on shares of Alfa Laval in a research report on Wednesday, December 3rd. Finally, Zacks Research cut shares of Alfa Laval from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Alfa Laval Stock Up 1.7%

The business has a fifty day simple moving average of $54.32 and a two-hundred day simple moving average of $49.46. The company has a market cap of $24.48 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 2.71 and a beta of 1.22. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 0.23.

Alfa Laval (OTCMKTS:ALFVY) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.12). Alfa Laval had a return on equity of 19.99% and a net margin of 11.86%.The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.03 billion. As a group, equities research analysts predict that Alfa Laval AB Unsponsored ADR will post 1.85 earnings per share for the current year.

Alfa Laval Company Profile

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.