Alfa Laval (OTCMKTS:ALFVY) Sees Large Volume Increase – What’s Next?

Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY) saw strong trading volume on Wednesday . 33,371 shares changed hands during trading, an increase of 79% from the previous session’s volume of 18,604 shares.The stock last traded at $57.50 and had previously closed at $58.57.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ALFVY. Citigroup reiterated a “neutral” rating on shares of Alfa Laval in a report on Friday, August 7th. Royal Bank Of Canada restated an “outperform” rating on shares of Alfa Laval in a report 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. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Alfa Laval in a research note on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Alfa Laval Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 1.12. The firm has a fifty day simple moving average of $58.81 and a 200 day simple moving average of $57.93. The company has a market capitalization of $23.74 billion, a PE ratio of 27.22, a P/E/G ratio of 3.92 and a beta of 1.13.

Alfa Laval (OTCMKTS:ALFVY) last issued its earnings results on Tuesday, July 21st. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.10). Alfa Laval had a return on equity of 18.41% and a net margin of 11.63%.The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Equities analysts anticipate that Alfa Laval AB Unsponsored ADR will post 2.33 EPS for the current year.

About Alfa Laval

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.