|Bid||23.55 x 80000|
|Ask||23.80 x 80000|
|Day's Range||23.83 - 23.83|
|52 Week Range||22.49 - 38.99|
|Beta (5Y Monthly)||1.40|
|PE Ratio (TTM)||22.91|
|Forward Dividend & Yield||0.58 (2.36%)|
|Ex-Dividend Date||Apr 27, 2022|
|1y Target Est||N/A|
Sweden's Alfa Laval said on Wednesday it expected demand in the first quarter to be higher than the levels seen in the preceding quarter after the engineering group reported profits slightly below market forecasts. The company said its supply chain had been stable in the quarter, while delayed deliveries due to component shortages remained roughly unchanged from earlier in 2021. "Full year order intake reached a record level of SEK 45.7 billion with growth in almost all end markets and geographies," Chief Executive Tom Erixon said in a statement.
After losing some value lately, a hammer chart pattern has been formed for Alfa Laval AB Unsponsored ADR (ALFVY), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
Alfa Laval AB Unsponsored ADR (ALFVY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).