AB SKF (OTCMKTS:SKFRY) Rating Lowered to Sell at Zacks Investment Research
AB SKF (OTCMKTS:SKFRY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Saturday, June 2nd.
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. “SKFRY has been the topic of several other research reports. ValuEngine cut shares of AB SKF from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Deutsche Bank upgraded shares of AB SKF from a “hold” rating to a “buy” rating in a research note on Wednesday, April 11th. Finally, Berenberg Bank upgraded shares of AB SKF from a “sell” rating to a “hold” rating in a research note on Thursday, March 22nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $24.00.
OTCMKTS SKFRY opened at $19.99 on Friday. AB SKF has a twelve month low of $19.28 and a twelve month high of $25.34. The firm has a market cap of $8.97 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 1.55 and a beta of 0.62. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.17 and a quick ratio of 1.31.
AB SKF (OTCMKTS:SKFRY) last announced its quarterly earnings data on Thursday, April 26th. The industrial products company reported $0.47 EPS for the quarter. The company had revenue of $2.54 billion for the quarter. AB SKF had a net margin of 7.36% and a return on equity of 19.75%. equities analysts expect that AB SKF will post 1.65 earnings per share for the current year.
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