Morgan Stanley Cuts Alfa Laval AB (publ) (OTCMKTS:ALFVY) Price Target to SEK 270

Alfa Laval AB (publ) (OTCMKTS:ALFVYGet Rating) had its price target reduced by Morgan Stanley from SEK 278 to SEK 270 in a research note published on Thursday, The Fly reports.

A number of other research analysts have also issued reports on the stock. Citigroup dropped their price target on shares of Alfa Laval AB (publ) from SEK 360 to SEK 331 and set a buy rating on the stock in a research note on Wednesday, April 27th. Credit Suisse Group lowered shares of Alfa Laval AB (publ) from a neutral rating to an underperform rating in a research note on Wednesday, April 13th. DNB Markets upgraded shares of Alfa Laval AB (publ) from a hold rating to a buy rating in a research note on Wednesday, June 15th. Finally, Barclays dropped their price target on shares of Alfa Laval AB (publ) from SEK 382 to SEK 350 and set an equal weight rating on the stock in a research note on Monday, April 4th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $336.00.

OTCMKTS ALFVY opened at $24.12 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.67 and a current ratio of 1.12. The firm has a market cap of $9.98 billion, a PE ratio of 18.14, a P/E/G ratio of 2.04 and a beta of 1.42. Alfa Laval AB has a one year low of $23.62 and a one year high of $44.34. The firm’s fifty day moving average is $25.80 and its two-hundred day moving average is $31.32.

The business also recently disclosed a dividend, which was paid on Wednesday, May 18th. Investors of record on Thursday, April 28th were issued a dividend of $0.5024 per share. This represents a yield of 1.53%. The ex-dividend date of this dividend was Wednesday, April 27th. Alfa Laval AB (publ)’s dividend payout ratio is currently 34.59%.

About Alfa Laval AB (publ) (Get Rating)

Alfa Laval AB (publ) provides heat transfer, separation, and fluid handling products and solutions worldwide. The company operates in three divisions: Energy, Food & Water, and Marine. It offers fluid handling systems, such as automation solutions; installation materials; cleaning validation instruments and instrumentation accessories; mixing equipment; centrifugal, circumferential piston, rotary lobe, and screw pumps; rotary jet and spray heads; tank covers and accessories; and valves.

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