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

Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $50.94 and last traded at $50.94, with a volume of 266 shares changing hands. The stock had previously closed at $50.2350.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ALFVY. Citigroup restated a “neutral” rating on shares of Alfa Laval in a research report on Monday, December 15th. Royal Bank Of Canada reissued an “outperform” rating on shares of Alfa Laval in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Alfa Laval in a report on Wednesday, October 29th. Zacks Research upgraded shares of Alfa Laval from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Finally, Barclays restated an “overweight” rating on shares of Alfa Laval in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Alfa Laval Stock Up 1.4%

The firm has a fifty day moving average price of $48.27 and a 200 day moving average price of $46.20. The firm has a market capitalization of $21.03 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 2.53 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.