Barclays Initiates Coverage on Alfa Laval Corporate (OTCMKTS:ALFVY)

Investment analysts at Barclays initiated coverage on shares of Alfa Laval Corporate (OTCMKTS:ALFVY) in a research report issued to clients and investors on Friday, FlyOnTheWall reports. The brokerage set an “overweight” rating on the stock.

A number of other research firms have also recently commented on ALFVY. Morgan Stanley raised Alfa Laval Corporate from an “underweight” rating to an “equal weight” rating in a report on Wednesday, July 26th. DNB Markets raised Alfa Laval Corporate from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $266.50.

Alfa Laval Corporate Stock Down 1.1 %

ALFVY opened at $34.48 on Friday. The firm’s 50 day simple moving average is $35.38 and its two-hundred day simple moving average is $35.36. The company has a market capitalization of $14.25 billion, a PE ratio of 27.37, a PEG ratio of 2.62 and a beta of 1.36. Alfa Laval Corporate has a 1-year low of $22.73 and a 1-year high of $37.97. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30.

Alfa Laval Corporate (OTCMKTS:ALFVY) last released its quarterly earnings results on Thursday, July 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $1.51 billion during the quarter. Alfa Laval Corporate had a return on equity of 15.27% and a net margin of 9.15%. As a group, equities analysts forecast that Alfa Laval Corporate will post 1.49 EPS for the current year.

About Alfa Laval Corporate

Alfa Laval Corporate AB provides heat transfer, separation, and fluid handling products and solutions worldwide. It operates in three divisions: Energy, Food & Water, and Marine. The company offers oil/gas-fired steam and composite steam boilers, exhaust gas economizer, and ballast water treatment systems, and exhaust gas cleaning products.