AB SKF (SKFRY) Upgraded to “Hold” by Zacks Investment Research
AB SKF (OTCMKTS:SKFRY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
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. “
Other research analysts have also recently issued research reports about the stock. ValuEngine cut shares of AB SKF from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Deutsche Bank upgraded shares of AB SKF from a “hold” rating to a “buy” rating in a report on Wednesday, April 11th. Finally, Berenberg Bank upgraded shares of AB SKF from a “sell” rating to a “hold” rating in a report on Thursday, March 22nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. AB SKF presently has a consensus rating of “Hold” and an average price target of $24.00.
AB SKF opened at $19.79 on Thursday, Marketbeat.com reports. The company has a market capitalization of $9.10 billion, a PE ratio of 14.04, a P/E/G ratio of 1.57 and a beta of 0.62. AB SKF has a 1 year low of $19.28 and a 1 year high of $25.34. The company has a current ratio of 2.17, a quick ratio of 1.31 and a debt-to-equity ratio of 0.49.
AB SKF (OTCMKTS:SKFRY) last released its quarterly earnings results on Thursday, April 26th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter. The business had revenue of $2.54 billion for the quarter. AB SKF had a net margin of 7.36% and a return on equity of 19.75%. research analysts forecast that AB SKF will post 1.65 EPS for the current year.
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