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AB SKF PT Lowered to SEK 196 at Morgan Stanley

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Jul 25,2022


AB SKF had its price objective decreased by research analysts at Morgan Stanley from SEK 215 to SEK 196 in a research report issued to clients and investors on Friday, The Fly reports.

A number of other brokerages also recently weighed in on SKFRY. Barclays lowered their price target on AB SKF (publ) from SEK 145 to SEK 130 and set an “underweight” rating on the stock in a report on Friday, July 1st. Credit Suisse Group reduced their price objective on AB SKF (publ) from SEK 160 to SEK 150 and set an “underperform” rating for the company in a research report on Thursday. Danske raised AB SKF (publ) from a “hold” rating to a “buy” rating in a research report on Friday, May 6th. They noted that the move was a valuation call. JPMorgan Chase & Co. reduced their price objective on AB SKF (publ) from SEK 235 to SEK 205 in a research report on Monday, April 11th. Finally, Berenberg Bank reduced their price target on AB SKF (publ) from SEK 240 to SEK 230 and set a “buy” rating for the company in a research report on Thursday, April 28th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $205.13.

AB SKFStock Up 1.2 %

SKFRY opened at $16.47 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 2.07. The company has a market capitalization of $7.02 billion, a PE ratio of 11.36, a P/E/G ratio of 3.49 and a beta of 1.29. The stock’s fifty day moving average is $16.52 and its 200-day moving average is $18.06. AB SKF has a one year low of $14.42 and a one year high of $27.12.

AB SKF last issued its earnings results on Tuesday, April 26th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.16. The business had revenue of $2.46 billion for the quarter. AB SKF (publ) had a return on equity of 14.40% and a net margin of 6.88%. On average, equities analysts predict that AB SKF will post 1.6 EPS for the current fiscal year.

AB SKF engages in the design, development, and manufacture of bearings, seals, lubrication systems, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling bearings, mounted bearings and housings, super-precision bearings, slewing bearings, plain bearings, magnetic bearings and systems, industrial and automotive seals, lubrication management solutions, maintenance products, condition monitoring systems, power transmission solutions, test and measuring equipment, vehicle aftermarket, and waste electric and electronic equipment products.

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