Schaeffler Ag (OTCMKTS:SCFLF) – Stock analysts at Jefferies Group dropped their FY2018 earnings per share (EPS) estimates for Schaeffler in a research report issued on Monday. Jefferies Group analyst A. Kurian now expects that the company will post earnings of $1.87 per share for the year, down from their previous estimate of $1.91. Jefferies Group also issued estimates for Schaeffler’s FY2019 earnings at $2.04 EPS.
Separately, Zacks Investment Research upgraded Schaeffler from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Friday, January 26th.
Schaeffler Company Profile
Schaeffler AG manufactures and sells precision components and systems for automotive and industrial industries in Germany and internationally. Its Automotive segment offers components and systems for engines, such as rolling bearing solutions, products for belt and chain drives, valve train components, and systems for variable valve trains; transmissions, including torsion and vibration dampers, clutches and double clutch systems, torque converters, CVT components, bearing solutions, and synchronizing and gearshift components; and chassis components comprising wheel bearings, bearing solutions, steering components, electromechanical actuators for roll stabilizers, and power-assisted steering systems.
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