AB SKF (OTCMKTS:SKFRY) Rating Increased to Hold at Zacks Research

by · The Markets Daily

Zacks Research upgraded shares of AB SKF (OTCMKTS:SKFRY – Free Report) from a strong sell rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

Separately, Royal Bank Of Canada cut AB SKF from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Get Our Latest Stock Analysis on AB SKF

AB SKF Stock Down 1.7%

Shares of OTCMKTS SKFRY opened at $25.50 on Monday. The company’s 50-day simple moving average is $25.65 and its 200-day simple moving average is $26.18. AB SKF has a 52-week low of $21.97 and a 52-week high of $29.41. The firm has a market cap of $11.61 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 2.01 and a beta of 1.18. The company has a quick ratio of 1.18, a current ratio of 2.09 and a debt-to-equity ratio of 0.23.

AB SKF (OTCMKTS:SKFRY – Get Free Report) last released its earnings results on Tuesday, April 21st. The industrial products company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. AB SKF had a net margin of 4.23% and a return on equity of 13.63%. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Equities analysts predict that AB SKF will post 1.8 EPS for the current fiscal year.

About AB SKF

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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.

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