Zacks Investment Research lowered shares of AB SKF (OTCMKTS:SKFRY) from a buy rating to a hold rating in a research note published on Friday morning.

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 upgraded AB SKF from a hold rating to a buy rating in a report on Saturday, June 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $24.00.

Shares of AB SKF (OTCMKTS SKFRY) traded up 0.05% on Friday, reaching $21.43. 9,078 shares of the company’s stock traded hands. AB SKF has a 12-month low of $16.13 and a 12-month high of $22.30. The firm has a market cap of $9.76 billion, a P/E ratio of 16.19 and a beta of 0.31. The stock has a 50-day moving average of $19.90 and a 200 day moving average of $20.34.

COPYRIGHT VIOLATION WARNING: This piece of content was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/09/23/ab-skf-skfry-downgraded-by-zacks-investment-research-to-hold.html.

AB SKF Company Profile

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.

Analyst Recommendations for AB SKF (OTCMKTS:SKFRY)

Receive News & Stock Ratings for AB SKF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AB SKF and related stocks with our FREE daily email newsletter.