Zacks Research Downgrades AB SKF (OTCMKTS:SKFRY) to Hold

by · The Cerbat Gem

AB SKF (OTCMKTS:SKFRY – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other equities analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded AB SKF from a “hold” rating to a “buy” rating in a research note on Tuesday, November 18th. BNP Paribas raised shares of AB SKF to a “hold” rating in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, AB SKF presently has a consensus rating of “Hold”.

Get Our Latest Stock Analysis on SKFRY

AB SKF Price Performance

AB SKF stock opened at $26.90 on Monday. The company has a quick ratio of 1.20, a current ratio of 2.16 and a debt-to-equity ratio of 0.26. AB SKF has a 52-week low of $15.86 and a 52-week high of $27.81. The firm has a market cap of $12.25 billion, a PE ratio of 25.87, a price-to-earnings-growth ratio of 2.77 and a beta of 1.13. The company’s 50 day moving average is $26.31 and its two-hundred day moving average is $25.34.

AB SKF (OTCMKTS:SKFRY – Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.10. AB SKF had a return on equity of 14.26% and a net margin of 5.07%.The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.29 billion. On average, research analysts expect that AB SKF will post 1.51 EPS for the current fiscal year.

AB SKF Company Profile

(Get Free Report)

AB SKF (OTCMKTS:SKFRY) is a leading global supplier of bearing and seal solutions, offering a comprehensive portfolio that includes rolling bearings, plain bearings, mechatronics, lubrication systems and services. The company’s products are designed to improve the reliability, efficiency and performance of rotating equipment in a wide range of applications, from heavy industry and energy to aerospace and automotive.

Founded in 1907 and headquartered in Gothenburg, Sweden, SKF introduced the world’s first self-aligning ball bearing and has since grown into a truly global organization.

Featured Stories