AB SKF (SKFRY) Lowered to Sell at Zacks Investment Research
Zacks Investment Research cut shares of AB SKF (OTCMKTS:SKFRY) from a hold rating to a sell rating in a report released on Saturday.
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 have also recently weighed in on the stock. ValuEngine raised shares of AB SKF from a hold rating to a buy rating in a research report on Wednesday, February 7th. Berenberg Bank raised shares of AB SKF from a sell rating to a hold rating in a research report on Thursday, March 22nd. Finally, Deutsche Bank raised shares of AB SKF from a hold rating to a buy rating in a research report on Wednesday, April 11th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. AB SKF currently has an average rating of Hold and an average target price of $24.00.
AB SKF opened at $19.80 on Friday, Marketbeat.com reports. 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 company has a market cap of $8.99 billion, a P/E ratio of 14.04, a P/E/G ratio of 1.54 and a beta of 0.65. AB SKF has a fifty-two week low of $19.28 and a fifty-two week high of $25.34.
AB SKF (OTCMKTS:SKFRY) last posted its quarterly earnings data on Thursday, April 26th. The industrial products company reported $0.47 earnings per share for the quarter. The firm had revenue of $2.54 billion during the quarter. AB SKF had a net margin of 7.36% and a return on equity of 20.81%. equities analysts forecast that AB SKF will post 1.67 EPS for the current year.
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