Alfa Laval (OTCMKTS:ALFVY) Hits New 1-Year High – Here’s Why

Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY) reached a new 52-week high during trading on Tuesday . The stock traded as high as $57.57 and last traded at $57.41, with a volume of 19479 shares trading hands. The stock had previously closed at $56.50.

Wall Street Analyst Weigh In

ALFVY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Alfa Laval in a research note on Wednesday, October 29th. Zacks Research raised Alfa Laval from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Alfa Laval in a report on Wednesday, October 29th. Citigroup reaffirmed a “neutral” rating on shares of Alfa Laval in a report on Monday, December 15th. Finally, Barclays restated an “overweight” rating on shares of Alfa Laval in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Alfa Laval Stock Up 1.6%

The business’s fifty day moving average price is $50.39 and its 200 day moving average price is $47.54. The firm has a market capitalization of $23.35 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 2.81 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 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.