AB SKF (OTCMKTS:SKFRY) Shares Gap Down – What’s Next?
by Jessica Moore · The Cerbat GemShares of AB SKF (OTCMKTS:SKFRY – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $27.03, but opened at $26.02. AB SKF shares last traded at $26.02, with a volume of 365 shares changing hands.
Analysts Set New Price Targets
SKFRY has been the subject of several recent analyst reports. Zacks Research raised AB SKF from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. BNP Paribas raised shares of AB SKF to a “hold” rating in a research report on Tuesday, December 9th. Finally, Deutsche Bank Aktiengesellschaft raised AB SKF from a “hold” rating to a “buy” rating in a research report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, AB SKF currently has a consensus rating of “Moderate Buy”.
View Our Latest Stock Report on AB SKF
AB SKF Stock Down 0.2%
The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.20 and a current ratio of 2.16. The company’s 50-day simple moving average is $26.22 and its two-hundred day simple moving average is $25.14. The firm has a market cap of $12.21 billion, a PE ratio of 25.79, a PEG ratio of 2.76 and a beta of 1.13.
AB SKF (OTCMKTS:SKFRY – Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.10. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.29 billion. AB SKF had a return on equity of 14.26% and a net margin of 5.07%. On average, analysts predict that AB SKF will post 1.51 earnings per share for the current fiscal year.
AB SKF Company Profile
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.