AB SKF (OTCMKTS:SKFRY) Lifted to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of AB SKF (OTCMKTS:SKFRY) from a sell rating to a buy rating in a research report released on Wednesday, August 1st. They currently have $23.00 price target on the industrial products company’s stock.
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 subject of several other reports. ValuEngine upgraded AB SKF from a sell rating to a hold rating in a research report on Thursday, July 26th. Deutsche Bank upgraded AB SKF from a hold rating to a buy rating in a research report on Wednesday, April 11th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $23.00.
SKFRY stock traded up $0.42 during midday trading on Wednesday, hitting $20.21. The company had a trading volume of 18,500 shares, compared to its average volume of 15,551. AB SKF has a 52 week low of $17.83 and a 52 week high of $25.34. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.31 and a current ratio of 2.17. The company has a market capitalization of $9.12 billion, a P/E ratio of 14.33, a PEG ratio of 1.60 and a beta of 0.56.
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