SKF (SKFRY) Upgraded by Zacks Investment Research to “Hold”
Resource from: https://macondaily.com/2018/05/02/skf-skfry-upgraded-by-zacks-investment-research-to-hold.html Likes:170
May 03,2018
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. “
A number of other equities analysts also recently commented on SKFRY. ValuEngine downgraded shares of SKF from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Deutsche Bank raised shares of SKF from a “hold” rating to a “buy” rating in a report on Wednesday, April 11th. Finally, Berenberg Bank raised shares of SKF from a “sell” rating to a “hold” rating in a report on Thursday, March 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. SKF presently has a consensus rating of “Hold” and an average target price of $24.00.
OTCMKTS SKFRY traded up $0.36 during midday trading on Wednesday, hitting $20.44. The company had a trading volume of 22,437 shares, compared to its average volume of 29,763. 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 firm has a market capitalization of $9,202.62, a price-to-earnings ratio of 14.50, a P/E/G ratio of 1.58 and a beta of 0.65. SKF has a fifty-two week low of $19.28 and a fifty-two week high of $25.34.
SKF (OTCMKTS:SKFRY) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.50 earnings per share (EPS) for the quarter. The company had revenue of $2.34 billion for the quarter. SKF had a net margin of 7.36% and a return on equity of 20.81%. sell-side analysts expect that SKF will post 1.67 earnings per share for the current fiscal year.
(https://macondaily.com/2018/05/02/skf-skfry-upgraded-by-zacks-investment-research-to-hold.html)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
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