Alfa Laval (OTCMKTS:ALFVY) Stock Dropped to Strong Sell by Zacks Research

Zacks Research cut shares of Alfa Laval (OTCMKTS:ALFVY – Free Report) from a hold rating to a strong sell rating in a research report sent to investors on Tuesday morning,Zacks reports.

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

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Alfa Laval Trading Down 1.9%

ALFVY opened at $58.27 on Tuesday. The company has a fifty day moving average price of $57.77 and a two-hundred day moving average price of $57.92. Alfa Laval has a 1-year low of $44.78 and a 1-year high of $62.95. The company has a market cap of $24.08 billion, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 4.15 and a beta of 1.12. The company has a current ratio of 1.12, a quick ratio of 0.69 and a debt-to-equity ratio of 0.19.

Alfa Laval (OTCMKTS:ALFVY – Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 18.41% and a net margin of 11.63%. Analysts predict that Alfa Laval will post 2.25 EPS for the current fiscal year.

About Alfa Laval

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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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