SKF (SKFRY) Stock Rating Lowered by Zacks Investment Research

Resource from: https://registrarjournal.com/2018/04/24/skf-skfry-downgraded-by-zacks-investment-research-to-hold.html Likes:271

Apr 24,2018

SKF (OTCMKTS:SKFRY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, April 5th.

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. “

Several other analysts also recently weighed in on SKFRY. ValuEngine downgraded shares of SKF from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Berenberg Bank upgraded shares of SKF from a “sell” rating to a “hold” rating in a report on Thursday, March 22nd. Finally, JPMorgan Chase downgraded shares of SKF from a “neutral” rating to an “underweight” rating in a report on Friday, December 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. SKF has an average rating of “Hold” and a consensus target price of $24.00.

Shares of OTCMKTS SKFRY traded down $0.11 during midday trading on Thursday, reaching $21.48. 1,058 shares of the stock were exchanged, compared to its average volume of 31,397. SKF has a twelve month low of $19.28 and a twelve month high of $25.34. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.09 and a quick ratio of 1.25. The company has a market capitalization of $9,829.87, a P/E ratio of 15.23, a P/E/G ratio of 1.92 and a beta of 0.64.

SKF (OTCMKTS:SKFRY) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.50 earnings per share for the quarter. SKF had a net margin of 7.03% and a return on equity of 19.23%. The firm had revenue of $2.34 billion during the quarter. research analysts expect that SKF will post 1.63 EPS for the current year.

(https://registrarjournal.com/2018/04/24/skf-skfry-downgraded-by-zacks-investment-research-to-hold.html)

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