Alfa Laval Corporate AB (OTCMKTS:ALFVY – Get Rating) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 600 shares, a drop of 14.3% from the August 15th total of 700 shares. Based on an average daily volume of 52,800 shares, the days-to-cover ratio is currently 0.0 days.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on ALFVY shares. Royal Bank of Canada raised their target price on shares of Alfa Laval Corporate from SEK 340 to SEK 350 in a research note on Thursday, July 21st. Morgan Stanley decreased their target price on shares of Alfa Laval Corporate from SEK 278 to SEK 270 in a research note on Thursday, June 30th. Finally, DNB Markets raised shares of Alfa Laval Corporate from a “hold” rating to a “buy” rating in a research note on Wednesday, June 15th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $332.67.
Alfa Laval Corporate Stock Down 3.3 %
Shares of OTCMKTS ALFVY opened at $25.50 on Friday. The company has a 50 day simple moving average of $27.58 and a 200-day simple moving average of $28.32. The company has a market capitalization of $10.55 billion, a P/E ratio of 19.03, a P/E/G ratio of 2.29 and a beta of 1.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.40 and a quick ratio of 0.81. Alfa Laval Corporate has a 1 year low of $23.44 and a 1 year high of $44.34.
About Alfa Laval Corporate
Alfa Laval Corporate AB provides heat transfer, separation, and fluid handling products and solutions worldwide. The company operates in three divisions: Energy, Food & Water, and Marine. It offers oil/gas-fired steam and composite steam boilers, exhaust gas economizer, and ballast water treatment systems, and exhaust gas cleaning products.
- Get a free copy of the StockNews.com research report on Alfa Laval Corporate (ALFVY)
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