Zacks Investment Research Lowers SKF (OTCMKTS:SKFRY) to Sell
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 brokerages also recently issued reports on SKFRY. ValuEngine raised shares of SKF from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Berenberg Bank raised shares of SKF from a “sell” rating to a “hold” rating in a report on Thursday, March 22nd. Finally, Deutsche Bank raised shares of SKF from a “hold” rating to a “buy” rating in a report on Wednesday, April 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $24.00.
Shares of SKF stock traded down $0.15 during trading on Wednesday, reaching $21.25. 5,264 shares of the stock traded hands, compared to its average volume of 27,715. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 1.67 and a beta of 0.65. SKF has a 52-week low of $19.28 and a 52-week high of $25.34. The company has a quick ratio of 1.25, a current ratio of 2.09 and a debt-to-equity ratio of 0.53.
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