Alfa Laval AB (publ) (OTCMKTS:ALFVY – Get Rating) was the target of a significant drop in short interest in July. As of July 15, there was short interest totaling 16,500 shares, a decrease of 31.0% from the total of 23,900 shares as of June 30. Based on an average daily volume of 151,000 shares, the short interest ratio is currently 0.1 day.

Alfa Laval AB (publ) Share performance

Alfa Laval AB (publ) stock opened at $29.81 on Friday. The company has a debt ratio of 0.09, a current ratio of 1.12 and a quick ratio of 0.67. The stock has a fifty-day moving average price of $25.79 and a two-hundred-day moving average price of $29.54. Alfa Laval AB has a 52 week low of $23.44 and a 52 week high of $44.34. The company has a market capitalization of $12.34 billion, a P/E ratio of 22.25, a P/E/G ratio of 2.42 and a beta of 1.42.

Changes to analyst ratings

A number of analysts have recently released reports on the company. Royal Bank of Canada raised its price target on Alfa Laval AB (publ) from SEK 340 to SEK 350 in a Thursday, July 21 research report. Citigroup lowered its price target on Alfa Laval AB (publ) from SEK 360 to SEK 331 and placed a “buy” rating on the stock in a Wednesday April 27 research report. Credit Suisse Group upgraded Alfa Laval AB (publ) from a “neutral” rating to an “underperforming” rating in a research report on Wednesday April 13. Barclays lowered its price target on Alfa Laval AB (publ) from SEK 382 to SEK 350 and set an “equal weight” rating for the company in a Monday April 4 research note. Finally, DNB Markets upgraded Alfa Laval AB (publ) from a “hold” rating to a “buy” rating in a Wednesday June 15 research note. Three analysts have assigned the stock a sell rating, one has issued a hold rating and four have assigned the stock a buy rating. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $332.67.

About Alfa Laval AB (publ)

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

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