AB SKF (OTCMKTS:SKFRY) Receives Consensus Rating of “Hold” from Analysts

AB SKF (OTCMKTS:SKFRY) has received an average recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company.

Several brokerages recently issued reports on SKFRY. BNP Paribas Exane raised AB SKF to a “hold” rating in a research note on Tuesday, December 9th. The Goldman Sachs Group lowered shares of AB SKF from a “strong-buy” rating to a “strong sell” rating in a report on Monday, January 19th. Zacks Research cut shares of AB SKF from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Deutsche Bank Aktiengesellschaft raised shares of AB SKF from a “hold” rating to a “buy” rating in a report on Tuesday, November 18th. Finally, Rothschild Redb cut shares of AB SKF from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st.

AB SKF Trading Up 0.7%

Shares of AB SKF stock opened at $28.33 on Thursday. AB SKF has a fifty-two week low of $15.86 and a fifty-two week high of $28.35. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.20 and a current ratio of 2.16. The company has a market capitalization of $12.90 billion, a P/E ratio of 27.24, a P/E/G ratio of 2.87 and a beta of 1.13. The company has a fifty day moving average of $26.59 and a 200 day moving average of $25.63.

AB SKF (OTCMKTS:SKFRY) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.29 billion. AB SKF had a return on equity of 14.26% and a net margin of 5.07%. On average, sell-side analysts anticipate that AB SKF will post 1.51 earnings per share for the current fiscal 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.