AB SKF (OTCMKTS:SKFRY) Given Consensus Rating of “Reduce” by Analysts

AB SKF (OTCMKTS:SKFRY) has been assigned an average rating of “Reduce” from the six analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company.

Several research analysts have recently commented on SKFRY shares. Royal Bank Of Canada downgraded AB SKF from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 20th. Zacks Research downgraded AB SKF from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th.

AB SKF Trading Up 3.5%

Shares of OTCMKTS:SKFRY opened at $26.36 on Wednesday. The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of 29.95, a PEG ratio of 1.97 and a beta of 1.18. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.19 and a current ratio of 2.11. The stock’s 50-day simple moving average is $24.83 and its two-hundred day simple moving average is $26.15. AB SKF has a 52-week low of $21.37 and a 52-week high of $29.41.

AB SKF (OTCMKTS:SKFRY) last announced its earnings results on Tuesday, April 21st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.44 billion. AB SKF had a return on equity of 14.05% and a net margin of 4.23%. Analysts expect that AB SKF will post 1.81 EPS for the current 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.