Alfa Laval (OTCMKTS:ALFVY) Hits New 52-Week High – Should You Buy?

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ALFVY. Barclays reaffirmed an “overweight” rating on shares of Alfa Laval in a report on Wednesday, December 3rd. Citigroup reiterated a “neutral” rating on shares of Alfa Laval in a research report on Monday, December 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Alfa Laval in a research report on Wednesday, October 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Alfa Laval in a report on Wednesday, October 29th. Finally, Zacks Research raised Alfa Laval from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Alfa Laval Stock Up 1.6%

The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 0.23. The business’s 50-day moving average is $50.39 and its two-hundred day moving average is $47.54. The stock has a market capitalization of $23.35 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 2.81 and a beta of 1.22.

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.