AB SKF (SKFRY) Upgraded to “Buy” at Zacks Investment Research

AB SKF (OTCMKTS:SKFRY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm currently has a $26.00 price target on the industrial products company’s stock. Zacks Investment Research‘s target price points to a potential upside of 12.07% from the stock’s current price.

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. “

Several other equities research analysts have also recently weighed in on the stock. ValuEngine raised shares of AB SKF from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. JPMorgan Chase & Co. cut shares of AB SKF from a “neutral” rating to an “underweight” rating in a research report on Friday, December 8th.

Shares of AB SKF (OTCMKTS SKFRY) opened at $23.20 on Friday. AB SKF has a 52-week low of $18.25 and a 52-week high of $23.25. The firm has a market cap of $10,450.00, a P/E ratio of 19.33, a PEG ratio of 1.07 and a beta of 0.55. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.32 and a quick ratio of 1.37.

WARNING: This article was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://www.americanbankingnews.com/2018/01/12/ab-skf-skfry-upgraded-to-buy-at-zacks-investment-research.html.

AB SKF Company Profile

AB SKF is a supplier of products, solutions and services within rolling bearings, seals, mechatronics, services and lubrication systems. The Company’s services include technical support, maintenance services, condition monitoring, asset efficiency optimization, engineering consultancy and training. The Company’s segments include Industrial and Automotive.

Get a free copy of the Zacks research report on AB SKF (SKFRY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for AB SKF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AB SKF and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply