AB SKF (SKFRY) Cut to Sell at Zacks Investment Research
Zacks Investment Research downgraded shares of AB SKF (OTCMKTS:SKFRY) from a hold rating to a sell rating in a research note issued to investors on Friday morning.
According to Zacks, “SKF AB engages in the manufacturing of ball and roller bearings, seals, tools for mounting/dismounting bearings, lubricants and measuring/monitoring instruments. It also produces roller bearing steel and other special steels. The Company operates in three divisions: Industrial Division, Service Division and Automotive Division. It also offers products and knowledge-based services comprising hardware and software, consulting, mechanical services, predictive and preventive maintenance, condition monitoring, decision-support systems and performance-based contracts. SKF AB is headquartered in Gothenburg, Sweden. “A number of other analysts have also issued reports on SKFRY. ValuEngine lowered AB SKF from a hold rating to a sell rating in a report on Tuesday, June 5th. Deutsche Bank raised AB SKF from a hold rating to a buy rating in a report on Wednesday, April 11th. Finally, Berenberg Bank upgraded AB SKF from a sell rating to a hold rating in a research report on Thursday, March 22nd. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $24.00.
SKFRY opened at $19.69 on Friday. The company has a market capitalization of $8.97 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 1.55 and a beta of 0.62. The company has a current ratio of 2.17, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. AB SKF has a 12-month low of $19.28 and a 12-month high of $25.34.
AB SKF (OTCMKTS:SKFRY) last released its earnings results on Thursday, April 26th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter. The firm had revenue of $2.54 billion for the quarter. AB SKF had a return on equity of 19.75% and a net margin of 7.36%. research analysts expect that AB SKF will post 1.65 EPS for the current fiscal year.1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
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