AB SKF (SKFRY) Stock Rating Lowered by Zacks Investment Research
Zacks Investment Research downgraded shares of AB SKF (OTCMKTS:SKFRY) from a buy rating to a hold rating in a research report released on Tuesday 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. “
Several other equities analysts also recently weighed in on SKFRY. JPMorgan Chase & Co. downgraded AB SKF from a neutral rating to an underweight rating in a research report on Friday, December 8th. ValuEngine upgraded AB SKF from a hold rating to a buy rating in a research report on Sunday, December 31st.
AB SKF (OTCMKTS:SKFRY) last released its earnings results on Thursday, February 1st. The industrial products company reported $0.50 earnings per share for the quarter. AB SKF had a return on equity of 19.55% and a net margin of 7.03%. The firm had revenue of $2.34 billion for the quarter. analysts predict that AB SKF will post 1.64 EPS for the current fiscal year.
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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