AB SKF (SKFRY) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of AB SKF (OTCMKTS:SKFRY) from a sell rating to a hold rating in a report released 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 equities analysts also recently issued research reports about the company. ValuEngine downgraded AB SKF from a hold rating to a sell rating in a research note on Tuesday, June 5th. Berenberg Bank upgraded AB SKF from a sell rating to a hold rating in a research note on Thursday, March 22nd. Finally, Deutsche Bank upgraded AB SKF from a hold rating to a buy rating in a research note on Wednesday, April 11th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $24.00.
AB SKF stock opened at $19.38 on Thursday. AB SKF has a 12 month low of $19.28 and a 12 month 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. The company has a market capitalization of $8.82 billion, a P/E ratio of 13.74, a PEG ratio of 1.53 and a beta of 0.62.
AB SKF (OTCMKTS:SKFRY) last posted its quarterly earnings data on Thursday, April 26th. The industrial products company reported $0.47 EPS for the quarter. AB SKF had a return on equity of 19.75% and a net margin of 7.36%. The business had revenue of $2.54 billion for the quarter. analysts predict that AB SKF will post 1.65 earnings per share for the current year.