AB SKF (OTCMKTS:SKFRY) Hits New 52-Week High – Time to Buy?
by Kim Johansen · The Markets DailyAB SKF (OTCMKTS:SKFRY – Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $28.05 and last traded at $27.56, with a volume of 6529 shares trading hands. The stock had previously closed at $27.22.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on SKFRY shares. BNP Paribas Exane upgraded shares of AB SKF to a “hold” rating in a research report on Tuesday, December 9th. Rothschild Redb downgraded AB SKF from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Zacks Research lowered AB SKF from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Deutsche Bank Aktiengesellschaft raised AB SKF from a “hold” rating to a “buy” rating in a research note on Tuesday, November 18th. Finally, The Goldman Sachs Group cut AB SKF from a “strong-buy” rating to a “strong sell” rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, AB SKF currently has a consensus rating of “Hold”.
Check Out Our Latest Analysis on SKFRY
AB SKF Stock Performance
The company’s 50-day moving average price is $26.41 and its two-hundred day moving average price is $25.51. The company has a market cap of $12.77 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 2.70 and a beta of 1.13. The company has a current ratio of 2.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.26.
AB SKF (OTCMKTS:SKFRY – Get Free Report) last released its earnings results on Wednesday, October 29th. The industrial products company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.32 by $0.10. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.29 billion. AB SKF had a net margin of 5.07% and a return on equity of 14.26%. As a group, equities analysts forecast that AB SKF will post 1.51 earnings per share for the current year.
AB SKF Company Profile
AB SKF (OTCMKTS:SKFRY) is a leading global supplier of bearing and seal solutions, offering a comprehensive portfolio that includes rolling bearings, plain bearings, mechatronics, lubrication systems and services. The company’s products are designed to improve the reliability, efficiency and performance of rotating equipment in a wide range of applications, from heavy industry and energy to aerospace and automotive.
Founded in 1907 and headquartered in Gothenburg, Sweden, SKF introduced the world’s first self-aligning ball bearing and has since grown into a truly global organization.