AB SKF (publ) (OTCMKTS:SKFRY) Receives $153.00 Average Target Price from Brokerages

AB SKF (publ) (OTCMKTS:SKFRYGet Rating) has earned an average rating of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $153.00.

A number of research firms recently weighed in on SKFRY. HSBC cut AB SKF (publ) from a “buy” rating to a “hold” rating in a research note on Friday, March 3rd. Handelsbanken cut AB SKF (publ) from an “outperform” rating to a “market perform” rating in a research note on Friday, February 3rd. Danske lowered AB SKF (publ) from a “buy” rating to a “hold” rating in a report on Friday, December 9th. Morgan Stanley lowered AB SKF (publ) from an “equal weight” rating to an “underweight” rating in a report on Wednesday, December 7th. Finally, Nordea Equity Research lowered AB SKF (publ) from a “hold” rating to a “sell” rating in a report on Wednesday, December 14th.

AB SKF (publ) Trading Down 3.0 %

OTCMKTS SKFRY opened at $17.91 on Thursday. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 1.86 and a beta of 1.29. The stock’s 50 day moving average price is $18.73 and its two-hundred day moving average price is $16.41. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.38 and a current ratio of 2.45. AB SKF has a 52 week low of $12.57 and a 52 week high of $20.76.

AB SKF (publ) (OTCMKTS:SKFRYGet Rating) last announced its quarterly earnings data on Thursday, February 2nd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). AB SKF (publ) had a return on equity of 11.71% and a net margin of 4.69%. The company had revenue of $2.37 billion for the quarter. As a group, analysts anticipate that AB SKF will post 1.35 earnings per share for the current fiscal year.

About AB SKF (publ)

(Get Rating)

SKF AB engages in the manufacture of machine and rotating equipment. It operates through the Industrial and Automotive segments. The Industrial segment comprises of Industrial Sales Americas, Industrial Sales Europe and Middle East and Africa, Industrial Sales Asia, Industrial Units, Bearing Operations, and Aerospace.

Further Reading

Analyst Recommendations for AB SKF (publ) (OTCMKTS:SKFRY)

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