Zacks Investment Research upgraded shares of AB SKF (OTCMKTS:SKFRY) from a hold rating to a buy rating in a report published on Saturday morning. They currently have $22.00 price objective on the industrial products company’s stock.

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. “

Separately, ValuEngine raised shares of AB SKF from a hold rating to a buy rating in a report on Saturday, June 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $22.00.

AB SKF (OTCMKTS:SKFRY) opened at 19.57 on Friday. The firm has a market cap of $8.91 billion, a PE ratio of 15.21 and a beta of 0.31. AB SKF has a 1-year low of $16.08 and a 1-year high of $22.30. The company has a 50 day moving average price of $20.11 and a 200 day moving average price of $20.20.

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About AB SKF

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.

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Analyst Recommendations for AB SKF (OTCMKTS:SKFRY)

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