AB SKF (OTCMKTS:SKFRY) Downgraded by ValuEngine
AB SKF (OTCMKTS:SKFRY) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, August 3rd.
Several other research analysts also recently commented on the company. Zacks Investment Research raised AB SKF from a “sell” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Wednesday, August 1st. Deutsche Bank raised AB SKF from a “hold” rating to a “buy” rating in a research report on Wednesday, April 11th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $23.00.
AB SKF (OTCMKTS:SKFRY) last issued its quarterly earnings data on Thursday, July 19th. The industrial products company reported $0.49 earnings per share for the quarter. AB SKF had a return on equity of 21.55% and a net margin of 8.07%. The business had revenue of $2.61 billion for the quarter. analysts forecast that AB SKF will post 1.66 EPS for the current fiscal year.
AB SKF (publ) offers bearings, seals, mechatronics, condition monitoring, lubrication systems, and services. It operates in two segments, Industrial and Automotive. The company's products include bearings, units, and housings; seals; lubrication solutions; linear motion systems; actuation systems, screws, and linear guides and tables; magnetic bearings/permanent magnetic electric motors; mechatronic solutions; maintenance products; condition monitoring systems; power transmission products and solutions; coupling systems; test and measurement equipment; and vehicle aftermarket products, such as wheel end, powertrain, driveline, and steering and suspension products, as well as tools and lubricants.
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