AB SKF (publ) (OTCMKTS:SKFRY) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of AB SKF (publ) (OTCMKTS:SKFRYGet Rating) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning, Zacks.com reports.

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. “

Several other research firms have also issued reports on SKFRY. Deutsche Bank Aktiengesellschaft dropped their price target on AB SKF (publ) from SEK 245 to SEK 235 in a research report on Friday, February 4th. Morgan Stanley dropped their price target on AB SKF (publ) from SEK 250 to SEK 210 in a research report on Wednesday, March 16th. JPMorgan Chase & Co. dropped their target price on AB SKF (publ) from SEK 235 to SEK 205 in a research report on Monday, April 11th. DNB Markets raised AB SKF (publ) from a hold rating to a buy rating and set a $245.00 target price on the stock in a research report on Monday, February 21st. Finally, Barclays dropped their target price on AB SKF (publ) from SEK 180 to SEK 145 in a research report on Tuesday, April 5th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $189.89.

OTCMKTS SKFRY opened at $17.42 on Tuesday. The stock has a market cap of $7.42 billion, a PE ratio of 9.22, a P/E/G ratio of 2.86 and a beta of 1.25. AB SKF has a fifty-two week low of $15.00 and a fifty-two week high of $27.84. The business has a 50 day moving average price of $16.73 and a two-hundred day moving average price of $20.16. The company has a quick ratio of 1.34, a current ratio of 2.19 and a debt-to-equity ratio of 0.34.

AB SKF (publ) (OTCMKTS:SKFRYGet Rating) last released its earnings results on Monday, April 25th. The industrial products company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. AB SKF (publ) had a return on equity of 17.50% and a net margin of 8.90%. Sell-side analysts anticipate that AB SKF will post 1.65 EPS for the current fiscal year.

About AB SKF (publ) (Get Rating)

AB SKF (publ) engages in the design, development, and manufacture of bearings, seals, lubrication systems, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling bearings, mounted bearings and housings, super-precision bearings, slewing bearings, plain bearings, magnetic bearings and systems, industrial and automotive seals, lubrication management solutions, maintenance products, condition monitoring systems, power transmission solutions, test and measuring equipment, vehicle aftermarket, and waste electric and electronic equipment products.

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