AB SKF (OTCMKTS:SKFRY) Downgraded by ValuEngine to Sell

AB SKF (OTCMKTS:SKFRY) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Friday, August 3rd.

SKFRY has been the subject of a number of other research reports. Zacks Investment Research raised shares of AB SKF from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Wednesday, June 27th. Deutsche Bank raised shares of AB SKF from a “hold” rating to a “buy” rating in a research report on Wednesday, April 11th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.00.
SKFRY stock opened at $19.36 on Friday. The stock has a market capitalization of $8.89 billion, a PE ratio of 13.73, a P/E/G ratio of 1.56 and a beta of 0.56. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.17 and a quick ratio of 1.31. AB SKF has a 12 month low of $17.83 and a 12 month high of $25.34.
AB SKF (OTCMKTS:SKFRY) last posted its earnings results on Thursday, July 19th. The industrial products company reported $0.49 EPS for the quarter. AB SKF had a net margin of 8.07% and a return on equity of 21.55%. The firm had revenue of $2.61 billion during the quarter. analysts anticipate that AB SKF will post 1.66 EPS for the current year.
AB SKF Company Profile
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.